Early profits for the Saudi

The General Index of the Saudi Stock Market rose at the beginning of today’s trading, Tuesday, despite the fluctuations in the global markets, with fear returning to US President Donald Trump’s responsibility for the Federal Reserve in any possible economic stagnation. The “Tassi” index opened the session, with 0.2% to 11573 points with the rise of the shares of “Al -Rajhi Bank” with 0.9% to 98.5 Riyals, “Aramco” in the same percentage to 25.5 Riyals, and “Saudi Telecom” with 0.5% to 46.65 Riyals. The Al -Ahly Bank shares with 4% to 35.2 Riyals, after the results of the expected more than the first quarter of this year were announced. During an interview with “Al -Sharq”, Majed Al -khaldi, the first financial analyst in the newspaper “Al -iqtisadiah”, said that “the market is perfect to fade today, especially in terms of Trump’s decisions about customs duties, so all financial markets are in a major fluctuation. The oil is, the layer of which is in the dollar, but some other factors in the market can lead to balance such as low repellents of some enterprise leadership compared to its historic repellents. Al -khalidi is of the opinion that the decline in allocations was the main reason for stimulating the bank’s profits, but “Despite the standard gain, the National Bank recorded a slowdown in the commission income to the lowest growth rate in 4 years, and this reflects the impact of the bank on the expansion of the high rates. Profits relive the arrow of the “Al -Prees”, the arrow of the “Al -Prees” Petroleum Services rose 3.6% to 136.2 Riyals, supported by the company’s profits growing more than 29% during the first three months of the year. Al -khaldi said that “Al -Prees intended to increase its market share, which reached about 10.5% in the fuel stations sector in the kingdom at the end of last year, which matched the company’s ambition, but it cost the margins in the first quarter also dropped to 1.7% compared to 1.8% in the first quarter of the previous year.” The return to global markets This achievement comes at a time when financial markets were shaken again due to Trump’s criticism of the Federal Reserve, amid investors’ search for signals on the path of customs duties negotiations. Fear urged Wall Street to take off in the last session as the main index “S&P 500” (S&P 500) fell by 2.4%, while the Nasdaq 100 (Nasdaq 100) index closed 2.5%. Oil prices have also dropped to close the Brent -RU contracts for a low delivery of June by $ $ 66.26, while the essence of the Western Texas for the same fell to settle nearly $ 63, in the largest drop since April 10. Fear associated with the request that returned to the top of the scene warned the countries against the conclusion of Japan, who has the prime minister’s interest, which can do the prime minister, which has the interest of the lead, while the prime minister can do the prime minister, which can do the tires of the lead, while the prime minister can do the prime minister, which can do the premier the premier of the prime minister, standing, which is the interest of the prime, what the prime minister of the prime minister can do, what the lead can do, what the interest of the Preine has Shikiro Ishiba, announced that his country would not be freedoms of all the demands of America. Investors fear that Trump is preparing to dismiss Powell because of his refusal to lower interest rates faster, which has contributed to marketing the fear that is already suffering from the effects of the US president who impose customs duties that are the highest for a century. Economists believe that this policy could accelerate the rate of inflation and push the US economy towards stagnation.