The Saudi Stock Exchange retains its balance with the support of "Al -Rajhi Bank"

The share of Al -Rajhi Bank has risen to support the Saudi Stock Market Index, which has been closed on marginal profits today, after oil prices have improved, and Asian stocks have recovered amid indicators on the fall in trading voltage, despite the fall in US stocks over the past session. The “Tassi” index rose 0.1% to 11434 points, with the arrow of the “Al -Rajhi Bank” share by 0.9% to 96.5 Riyals. The energy sectors rose 0.3% and banks by 0.6%, while the public utility sector fell by 1.6% and by 0.8% communication. But the trade values ​​dropped to less than 5 billion Riyals after their improvement in the last session. Among the other leadership shares in the market, the price of “Aramco” shares rose 0.3% to 24.98 Riyals, and the National Bank by 0.9% to 34.95 Riyals, while Aqua Power shares fell by 2% to 299 Riyals and “Sabic” by 0.2% to 60 Riyals. Ahmed Al -Rasheed, the first financial analyst of the newspaper “Al -iqtisadiya”, pointed out that the calm of the market during the last two sessions after a wave of decline means that morale has begun to improve, explaining that the link with the movement of oil prices will continue in the coming period. Al -Rasheed said in an intervention with “Al -Sharq” that “the decline in the scope of the fluctuation also shows a state of anticipation, perhaps for the decision of the US Federal Reserve tomorrow for interest rates.” ‘Al -Mousa’ Share Recovery for the jump of the ‘Al -Mousa Health Group’ over 3% to 167 Riyals, after the company announced a record growth in its financial performance during the first quarter of this year. The company’s net profit jumped three times to 51.1 million rows, thanks to the growth of revenue and increased occupancy rates for internal patients, and a noticeable improvement in the financing structure. Mary Salem, the financial analyst of “Al -Sharq”, said that the growth of growth “is striking, but it should be borne in mind that the company has been inserted new to the market, and therefore we do not have a view of its historical data such as the rest of the companies listed in the sector. But Majid Al -khaldi, the first economic analyst of the newspaper “Al -iqtisadiah”, indicated that the increase in turnover “in the first quarter corresponds to the advertisements of the companies in the healthcare sector.” Harfy Retreats, “Herfy Food” shares fell 1.7% to 25.85 Riyals, after the company announced a loss of 18.6 million Riyals in the first quarter of this year. Wael Mohamed Ali, director of international mediation at “United Securities”, believes that the company is suffering from intense competition in the Kingdom’s food sector, especially with the opening of branches of global brands. During an intervention with “Al -Sharq”, Ali said: “We must wait for the results for the upcoming quarters to return the extent of the administration’s ability to reduce and manage costs to growth and compete with other international businesses, especially because the food sector has strong competition.” Al -Rashid said: “There are changes in the taste of the consumer in Saudi Arabia, as well as consumption patterns. Cit food eaten outside restaurants has become the most common, and many herky branches have large spaces and consume many expenses. It has printed the margins of profitability.” He added that the image is still unclear about the company’s ability to restructure by closing some branches or reducing their size and geographically spreading more efficiently. Oil is recovering and US supplies lowered oil prices recovered from the lowest level of closure in four years, after a technical indicator showed that the recent drop in prices was excessive. Brent -ru -Roos approached $ 61 a barrel after dropping about 10% during the past six sessions, and the ‘West Texas’ rough rose about $ 58. Asian stock markets have progressed this morning, while the US stock markets have ended a historic increase in the last session, as the latest statements by US President Donald Trump have yielded to customs and investments of the investments. The S&P 500 (S&P 500) decided by 0.6%. The Nasdaq 100 index (Nasdaq 100) fell 0.7%, while the Dow Jones industrial average lost 0.2%. The standard seaside effects have risen by three basis points to 4.34%for ten years.