Hope to reduce interest, refresh the Saudi Stock Exchange

The Saudi Stock Exchange rose at the beginning of today’s trading, Sunday, and detected the impact of world markets, which rose at the end of last week amid a recovery of the hope of lowering US interest rates next month. After last week, he ended slight profits, “Tassi” rose about 0.6%, which exceeded the threshold of 10900 points, supported by the rise of “Aramco” and “Al -Rajhi Bank” – the two largest shares on the index – as well as “Aqua Power”, while “Sabic” witnessed some of a degree of some. 7% was. Optimism about Powell’s statements in a speech at the Central Bank Conference in Jackson Hall, left Federal Reserve chairman Jerome Powell opened the door to lower interest rates in September, indicating that a “shift in riskalans” could change the monetary policy. But he also emphasizes the ongoing risks of high inflation due to customs duties imposed by President Donald Trump, which paved the way for a fierce discussion when monetary policy officials in Washington met on September 16 and 17 regarding the appropriate reduction in the rate of reduction, and whether the cuts should be continued. Also read: The most important conclusions of the Federal Reserve Symposium in Jackson Hall, Majed Al -khaldi, the first financial analyst in the newspaper “Al -iqtisadiah”, believes that the Saudi market “needs such news” that improves the morale of clients in the market, as happened last week in the petrochemical sector. During an interview with “Al -Sharq”, Al -khalidi said: “We will see an impact on the market in the event of a reduction in interest rates, especially in the banking sector shares, specifically banks dependent on individuals’ transactions such as Al -Rajhi Bank.” He pointed out that “the banking sector sector for individuals has some challenges, especially with regard to the growth of loans, whether real estate or personal, and this is perhaps due to the desire of individuals to postpone loans to the low interest rates.” Companies News is still leading the market from the news that the market transactions today, “Aqua Power”, announced the financial closure of two projects to produce electricity with a total capacity of 3.6 gigias after obtaining financing worth 12.8 billion Riyals for 28 years from a local and international alliance. The company’s shares increased by about 0.9% in early transactions. Mohamed Al -Maimouni, the financial advisor in the ‘Arab trader’, believes that the volume of financing and its duration ‘confidence in the company’s ability to implement projects, reflects and also gives a long stability to the business.’ But during an intervention with ‘Al -Sharq’, he added that ‘the financial situation of the business in the light of this enormous financing in the short term could be under pressure.’ In the restaurants sector, Beraizer signed an agreement to acquire 60% of the “Coffee Pill” business as part of the fast food business plan by entering the cafe sector. The “Bergarezar” shares jumped about 4.5% at the conquest. Al -khalidi expected the agreement to be reinforced if completed from the margins of the profitability of Bergarezar, due to the low profitability of the restaurant sector in the light of the large number of of the kingdom. But he pointed out that the merger between restaurants and cafes is not characterized in the same place by being a good choice, because the consumer in the Saudi market prefers that the restaurant is separate from the cafe. “