Saudi shares are above the most important resistance level closed amid the calm of the world markets

The Saudi Stock Exchange has ended today, Tuesday, above the most important resistance level, although slightly, led by the part of the “Saudi telecommunications” business, amid relief in global markets. The “Tassi” index recorded a minor profits of about 0.2%to close at 11617 points, with the support of the telecommunications sector, which increased by 2.5%, along with the banking sector by 0.23%, while the energy sector fell by 0.6%, basic materials and public facilities by 0.2%for each. The value of trading was 6.3 billion Riyals. The share of Al -Rajhi Bank increased 0.5% to 97.6 Riyals, and the share of the Saudi Research and Media Group continued to rise by 6.5% to 184 Riyals, while Aramco shares by 0.6% to 25.85 Riyals and Aqua power by 0.25%, and the share of the “National Bank” dropped to 325%. has dissolved Unchanged. In an intervention with “Al -Sharq”, Ahmed Al -Rashid, the first financial analyst of the newspaper “Economist”, pointed out that “the closure at these levels is good, but the performance is not sufficient to support the positive view of the upcoming sessions, as the values ​​of trading did not significantly increase the shares of most companies. Telecommunications sector continues the market telecommunications sector to lead the market with its profits, which has been 12% since the beginning of the year. (STC) with 2.3% to 46.85 Riyals and “Zain Saain Arabia” by 1.3% to 12.38 Riyals. Zaidan said: “The sector represents a value, which is generally defense companies, and thus plays a good role in the investment portfolios … More than 25% of analysts recommend that you buy in the sector.” Al -Rasheed pointed out that the shares of telecommunications companies are elected by traders because most of them are not affected by global variables; Most of their revenue comes from the local economy that still records good growth. Continuous oil pressure pressure is still at low levels, as Brent Mix below $ 65 a barrel and Western Texas -Tussentage rough, near $ 61 a barrel, trades, with a continued commercial escalation between the two largest economies in the world. Customers have a volatile and rapid change in demand, for the OPEC expectations of annual consumption growth by approximately 100,000 barrels per day, to the greater reduction by the US Energy Information Administration. Other banks have also lowered their expectations for oil prices, as JP Morgan Chase believes that the price of ‘Brent’ Ru Celg $ 66 this year. In an intervention with “Al -Sharq”, Abd Rabbu Zaidan, head of research and studies at “financing numbers”, said that “the continuation of the war war affects the economy of the world as a whole. The direct impact will be on oil prices based on the fall in economies and industrial sectors, which will affect the prices of petrochemics.” In the petrochemical sector, the specific international shares fell 1.7% to 19.52 Riyals, and “Saudi entity” by 0.66% to 6.06 Riyals, while the arrow of “Advanced Petrochemical” increased by 0.5% to 30.9 Riyals and “Lubrev” to 104.4 Riyals. Zidane pointed out that petrochemical companies will get a double blow of the decline in products, as well as the decline in sales volumes, amid the market expectation to lower oil prices to a range of between 55 and $ 60 a barrel. Satisfaction in global markets continued Asian stocks this morning to rise, led by Japan, as it spoke about temporary releases of customs duties for some sectors- as Trump referred- the hope for the possibility of reaching settlements through negotiation, although repeated policy fluctuations were still concerned by investors. The United States is going forward in its plans to impose customs duties on the import of semiconductors and pharmaceutical products by opening commercial investigations led by the Ministry of Trade. These steps are a prelude to the imposition of customs duties, which threaten to expand the extent of the trade war launched by President Trump. The US shares also ended the last session with the stopwave of sales in the bonds, to restore “Wall Street” in the aftermath of seven sessions of violent trade. The S&P 500 (S&P 500) is about 1%. At the same time, the US Treasury effects ended a five -day loss, a period witnessed by an increase in mortgage returns for ten years in the largest rate in more than two decades. In terms of gold prices, the precious metal recorded $ 3,211.90 per gram in immediate transactions at 8:27 in the morning in Singapore, while the price of silver dropped, while platinum and palladium remained unchanged.