Does the economic approach between Riyadh and Washington strengthen the Saudi stock market?

While calm prevails in the Saudi stock market, which awaits incentives for the retirement of the cross rank, traders will focus on how Saudi shares benefit from the prospective approach of the Kingdom with the United States of America. Saudi Arabia seeks to expand its investments and commercial relations with America by $ 600 billion in four years, a candidate to rise in the event that additional opportunities are available, according to a phone call by Saudi Kroon Prince Mohammed Bin with US President Donald Trump. It coincides with Trump’s announcement of a US project under the name ‘Star Gate’ planning to invest $ 500 billion in artificial intelligence infrastructure in the next four years, led by ‘Oracle’, ‘Oben Ai’ and ‘Soft Bank’ in which the kingdom is interested. External factors can support performance and in the absence of new market engines, Saudi shares can be influenced by the performance of US stocks, and this can increase the appetite of investors in the Saudi market, especially individuals, and this leads to profits in the contemporary session, according to Mohamed nobility, the financial analyst of “Al Sharq”. Yesterday, the shares of major technology companies, powered by optimism about artificial intelligence, and a group of strong profits for large businesses, increased the equity indicators to approach their highest levels ever. This comes at a time when the Saudi stock market continues its efforts to test a major resistance level at 12400 points, which it could not enter in a few months, while investors are being restored to await the financial results. The “Tassi” index ended yesterday with a loss that is hardly mentioned at 12362 points, mainly supported by the “Al -Rajhi Bank” arrow, which rose 0.6%. “We see changes in the governor of investors, and this is normal with the approaching results for companies, which will play a major role in market stability at these levels if the results match the expectation,” according to Mary Salem, the financial analyst of “Al -Sharq”. Follow -up shares are on their way to the arrow of “Alam” for digital solutions, which fell 4% yesterday, and its losses continued to the second consecutive session after 8% jumped over 6 sessions. During the transactions, he registered his highest levels ever at 1289 Riyals. The company has entered into an agreement to fully obtain the “Thiqa” business specializing in providing technical solutions to business services, from the public investment fund, compared to about 3.4 billion Riyals, and said it would pay the value of the agreement through self -financing sources and financial facilities. It should be noted that the Sovereign Fund is also a major shareholder in “Science”. Ibrahim al -hindi, the economic researcher in the ‘Arab market research center’, believes that the decline in the ‘phased’ shares and attributed it to some investors after the company announced that it would finance a ‘confidence’ with a mix of internal and external sources. But he added that “the profits of good science, so influence, will be during the next day or two days, and then the stock will return to its regular pace.” The share rose about 8% over 6 sessions before turning on Tuesday. Investors also continue with the “Aqua Power” share in the public utility sector, which continued the index for the second consecutive session yesterday after rising 9% in the first two sessions of the week. The attention is also directed at the arrow of the “East Pipes”, which rose 3.5%, as investors are waiting for the results of the company’s general meeting, which was discussed after the end of the trade yesterday and entered the company to the field of real estate activities. The shares “Al -Jouf Cement” rose by 4% yesterday and continued to climb to the third consecutive session. The company announced the signing of a contract this week to export cement to Syria. We will carefully follow up the basic material sector companies, which can benefit from the Kingdom’s orientation to support Syria. Yesterday, “Saudi Foreign Affairs Minister Faisal Bin Farhan emphasized that the Kingdom supports reconstruction and stability performance efforts in Syria. This trend would improve the shares of the basic material sector enterprises that could benefit from rebuilding the war -torn.” The shares of the energy sector with heavyweight in the market will also be within the concentration of customers, as it is affected by many factors, including statements held by officials at the World Economic Forum in Davos, as well as the plans of new US President Donald Trump to reform the energy sector in his country. Oil prices have dropped a bit today after an industrial report has indicated the first rise in US crude shares since mid -November, at a time when the market awaits more decisions on the global trade of US President Donald Trump. Brent -ruol dropped to below $ 79 a barrel and continued the chain of losses that started last Thursday, while the West Texas Cross approached $ 75.