After reaching the highest level in 8 months. Does the Saudi Stock Exchange Index maintain its profits?

Investors in the Saudi stock market follow the ability of its main index to maintain its profits after yesterday scored its highest level in 8 months with the support of the ‘Aqua Power’ share, which continued to climb to the second session, despite the absence of incentives. The “Tassi” index strengthened its profits for the fifth consecutive session yesterday to close 0.4% at 12379 points, the highest level since last May 8. Mary Salem, the financial analyst of the “Al -Sharq” channel, pointed out that the increase recorded by the index in the recent period “with limited relationships helps to get the market out to more profit.” “The market trade values ​​amounted to 6.3 billion Riyals yesterday.” The trade values ​​did not see a remarkable increase as it is barely at a higher level than the average. We are awaiting more data to stimulate purchase operations in the market, “Ahmed Al -Rasheed said. ‘Aqua Power’ is still rising today to the ‘Aqua Power’ arrow, which strengthened its profits for about 9% over three sessions yesterday, which scored its highest levels since November, and the public utility function led to 3.5%. With a Turkish company, a government project in Azerbaijan won to desalinate seawater using the inverted osmosis technique in the Caspian Sea, with a production capacity of about 300 thousand cubic meters per day. The financial results of the company have not yet appeared and the share still supports the index increasing the risks if the company’s results are incompatible with expectation. “Trump’s inauguration follows investors around the world the interaction of markets with the first days of the second term of US President Donald Trump, because it intends to implement new policies in the field of migration, fossil fuel, electrical cars and renewable energy. “Trump is trying to be America is the biggest oil product and a big difference from the rest of the producers. We do not yet know how US businesses will be stimulating to increase production, but such a case will increase the offer, which will push the price, “according to Rashid. The dollar has risen while Asian shares have reduced their early profits after Trump announced that it intended to set up the customs duties on Mexico and Canada from next month, a step that was previously threatened during his campaign. recorded profits before all his peers of the ten group, with the exception of the Japanese yen, and the yields of US Treasury ties increased after Trump’s statements about his plans to set up up to 25% on Mexico and Canada by February 1. Post does not give. The Saudi Minister of Economics Faisal Al -iibrahim said in an interview with “Bloomberg TV” yesterday that the kingdom is still considering joining the Brix Bloc, more than a year after the kingdom invitation to join the alliance.