"Tassi" is still declining in the midst of fluctuation of global markets and attention to US interest

The Saudi Stock Market Index opened today, Wednesday, for the second consecutive day in accordance with the direction of the other wave markets, amid fluctuations in the global markets, with the anticipation of the Federal Reserve’s decision on interest, and the continued geopolitical concern in the region. About an hour after the start of the session, the “Tassi” index fell 0.9% to 10618 points, with leadership shares, led by “Aramco” and “Al -Rajhi Bank”. The Federal Reserve will announce its decision on interest rates in the United States tonight, amid expectation to keep it unchanged for the fourth time in a row, but investors will be more interesting about the statements of federal President Jerome Powell about the development of the world’s largest economy. Analysts are of the opinion that lasting interest rates for a period will be longer than market expectations to lead to ongoing pressure, as it will increase the fear of the obstacle of high -debt companies, which will push the bank’s awards. During an intervention with “Al -Sharq”, Majed Al -khaldi, the first economic analyst of the “economic” newspaper, indicated that the great advantage had affected the profits of companies in the past quarters, which limited the ability to distribute cash gain. “Oil near the highest level in five months with the entry of the Israeli -Iran War to enter his sixth day, US President Donald Trump tribe asked for an unconditional surrender” and referred to a possible blow to Iranian leader Ali Khamenei before meeting with the national security team. Especially Aramco is still under pressure, as analysts say that high prices will not take long, while Fitch -Retins expected oil profits to compensate the war damage in the region. Riyals in its latest transactions, while trading worth more than one billion Riyals. is.