The Saudi Inventory Index closes high amid signs of restoring world markets

The Saudi Stock Market Index closed for the second consecutive session today, after the world markets showed signs of recovery after US President Donald Trump’s tip on the possibility of negotiating customs duties. The “Tassi” index rose by 1%to 11302 points, after scoring the biggest profits since March 31, 2021. The positive performance came amid continued improvement in trade values ​​to 7.9 billion Riyale and the rise of most of the leadership sectors as the banking sector rose 1.3%, by 0.7%by 0.7%. Under the leadership shares, the price of the ‘Al -Rajhi Bank’ share increased by 1.9%, ‘Aramco’ and ‘Al -Ahly Bank’ by 0.6%for each of them, and ‘Sabies’ by 1.7%, while the price of ‘Aqua Power’ shares fell by 1.4%. Junaid Ansari, director of the investment and research department at “Kamco Invest”, attributed the positive performance of the index to the strength of the basic factors in the Saudi market and the strict controls set by the Capital Market Authority in the Kingdom. During an interview with “Al -Sharq”, Ansari said: “Many investors have begun assessing the impact of customs duties, and as the basic principles of the Saudi market are strong, this has led to some kind of apostasy and recovery … The Saudi market is largely disciplined and the capital authority has also allowed the sale of the Open, which also panic. ” Ahmed Selim, director of investment in Bayader Investments, noted that the Saudi market is currently witnessing “speculative movements, investors now benefit from the opponent or access to the bottom in some stocks, after the sharp decline in recent days. But he added in an intervention with ‘Al -Sharq’ that ‘investors should be careful to deal with, because the situation can change, so it is necessary to be careful.’ Signs of global markets are recovering, Asian stock markets revive today after yesterday recorded their worst days, ending a global decline wave by the fear that the trade war would slow down economic growth. The futures for US stock indicators rose between 1.2% and 1.8%. Oil prices also recorded a slight increase after a three -day drop, to exceed the Ru -West -Texas -RU, $ 61 in the early Asian trade after the 15% collapse over three sessions. Brent ruol has closed more than $ 64, near its lowest level in four years. Ansari said oil prices find significant support for $ 60 a barrel, excluding to fall without that level. European equity indicators have increased after the fiercest decline in four days since the corona pandemic, where the ‘Stoxx Europe 600’ index rose by 2.45 hours in London, led by insurance shares, financial and industrial sector and defense companies, while the performance of communication shares, which is the performance of communication shares, Mortgage performance. The Greek stock market was the best global achievement after the exclusion of Japan. Despite his previous insurance to move forward with the imposition of customs announced last week, President Donald Trump left the door open for the possibility of changing these decisions. He said in new statements: “The fees imposed on China can become permanent, and the same may apply to the ongoing discussions. The US Treasury Secretary Scott Besent said Trump started talking about customs duties with Japanese Prime Minister Shikiro, in a phone call that would have been on Monday. to reduce fees, and emphasize that all files will be on discussion. Turning the market, after the profitability of the stock market is below average, is until the market average, after the profitability of the stock market is the average of the market. 20.7 times when included. Al -khaldi said that “the levels traded by Aramco’s shares were important, so we saw a recovery from some investors, and the stock carried as well as a few other defense shares.