What analysts say about the decline in the Saudi stock market?
Analysts and experts believe that the acute wave of losses incurred by Saudi shares, which is affected by the decline in global markets after the application of US customs duties, can create opportunities to hunt transactions, and if some do not exclude investors to other risks. In accordance with collective losses for wave markets, the index, “Tassi”, has lost about 5%, with 11285 points after nearly two hours since the beginning of the transactions, after it has become earlier in the session since the lowest level since December 2023. All sectors of the Saudi Bank “about 6%, and” Sabic “2.8%, and Aqua Power 5.9%. A sharp decline in the global markets The US” S&P 500 “index fell at the end of the trading of about 6%at the end of the trading, amid a serious purchasing wave (Nasdaq 100” -Index. Mid -February, after the retaliation of China on the large -scale fees in four years, found by the president of Donald Trump. 2021. 67.7% to reach its lowest level since January, while the futures for reference to natural gas in Europe at one time dropped by more than 10%. On the other hand, China has promised fixed measures to defend its economy by placing 34% customs definitions on all imports from the United States from April 10. Beijing authorities have announced several other procedures, including the imposition of immediate restrictions on the export of seven types of rare minerals. Services of offers or a tendency for safe investment? Hisham al -ayas, the chief financial analyst of the “East”, believes that we are “still in the reaction phase” on what is happening in the global markets, pointing out that “even the sectors that were somewhat defensive in previous periods of decline, such as real estate and communication.” But he pointed out that “the sharp and great declines can create a few opportunities, although not during the next session or the next sessions, but it will also be the shares that earn and others, especially because we are at the doors of the financial results (for the first quarter) and this is a basic factor.” Majid Al -khaldi, the first financial analyst of the ‘economic’ newspaper, said in an interview with ‘Al -Sharq’ that ‘we can see major consequences after these declines, and the sectors in the refusal process can be the sectors that depend on the local market.’ We can also see a shift to ‘secure investment compared to the stock market. The returns were good (on the Saudi effects for individuals) and it is expected to continue … so we can see some balance in the governor of investors, in terms of the transition to low risk, especially as some of these products offer benefits at a brief investment stage. Correction due to US stocks of US customs duties began a ‘proper correction process’ in the US stock market, which was witness to accumulated increases that led the highest boundary to profit in 30 years, according to Al -Taha, a member of the Cisi’s National Cisi consultative council in an interview with ‘Al -Sharq’. “Before customs duties, the profitability of the US markets reached 25.87 times and is the highest since 1995. The markets were higher than their real value. The highest sector was 35 times the next real estate at 32 times,” Taha said. He added that we have now turned up to a profitability of US stocks at 22.76 times after the declining wave, which is “now creating opportunities to enter. There is a vigilant situation. Abdullah Al -hamid, Head of Investment Consultations at Gib Capital, indicated in an interview with Al -Sharq that the inability to predict the extent of the effect of the current sale wave is the most important source of anxiety, but he advised to give ‘calm and a clear investment policy, which previously helped to build a portfolio shares, away from decisions based on emotion and illogical expectations. ‘ He added that “the concern is that the impact of these fees extends to more than one side and more than one economy, and thus it can lead to a decrease in the growth of the global domestic product.”