Will the Saudi Stock Exchange return to the accidental movement after stumbling with 12400 points?
The Saudi Stock Market is expected to return to the casual performance after the main index could not enter the level of 12400 points with the ongoing absence of incentives, and a limited profit of the profits it pushes to drop slightly from the highest levels in the eight months registered in the previous session. The “Tassi” index closed with a slight decrease of 0.08%on Tuesday, with 12370 points, mainly due to the decline of the “Aqua Power” share by 3.5%, while the losses reduced the increase of “Al -Rajhi Bank” 0.6%. “The shares that are declining are the shares that have recently risen without concrete news, such as Majid Alam, Alam, etc. Salem expects to increase the liquidity in the market by the end of this week, with the demand from foreign investors to return to the markets’ markets for fear of the impact of President Donald Trump’s inauguration for a second term on US stock market yesterday. Riyals reached, an increase of 6.3 billion in the previous session. A Turkish company has won a government project in Azerbaijan to desalinate seawater using the inverted osmosis technique in the Caspian Sea, with a production capacity of about 300 thousand cubic meters per day. The shares of “Al -Jouf Cement” will also be the radar of customers after it rose 1.4% yesterday. The company has announced that it has signed a contract to export cement and clan to Syria. Ahmed Al -Rasheed, the financial analyst at the newspaper “Al -iqtisadiah”, believes that “the increase in the income of al -yourf cement will compensate for the costs in costs. The company’s ability to expand the markets externally will undoubtedly lead to reducing the risk and thus reducing the company’s concentration.” Investors will also follow up whether any of the building materials and other basic materials will play a role in the war destruction process, which could have a positive reflection on its shares. The Davos Economic Forum today is under the view of the World Economy Forum in Davos, where a large number of government officials and private sector officials, including finance, economics ministers, economics, tourism, communication and trade, participating in states to be issued by officials to influence the market. During the forum yesterday, the minister of economy faisal al -IBrahim said that the non -Oil sector is expected to grow 6.2% in 2026, with its Emphasis on the Continuation of the Momentum Implementation of the Vision Plans and Projects 2030. Statements during trading hours, exceptional interactions for the shares of the sectors directly or indirectly with these statements such as real estate, construction and tourism, and therefore the market may begin to communicate with these statements today. The president of ‘Saudi Aramco’, Amin Al -Nasser, also issued a reassuring statements regarding the demand for oil from China. He said during an interview with “Bloomberg” TV from Davos: “We are still seeing a good question from China,” and notes that the country, along with India, constitutes about 40% of global consumption growth. Following the remarks of Al -Nasser, US President Donald Trump threatened to impose customs duties on China, who expressed concern about commercial wars on various fronts. His statements today, Wednesday, contributed to the decline in oil prices. Today we will monitor the interaction of the energy and oil sector shares with these statements.