The Saudi Stock Exchange violates the direction of the wave markets with the ongoing military escalation

The Saudi Stock Market Index responded during the opening of the session today, although at a less severe pace compared to the beginning of the week, when the morale of clients in the market was severely affected by the explosion of the conflict between Israel and Iran. After 1.3% increased in the last session, the “Tassi” index fell by 0.3% to 10834 points at the beginning of the trade, fell by most leadership shares, led by “Aramco” and “Al -Rajhi Bank”. Majid Al -khalidi, the first financial analyst in the newspaper “Al -iqtisadiah”, believes that the market is resistant to the level of 11 thousand points and should be overlooked of the decline, which began since April last year, even before the outbreak of the latest conflict in the region. Al -khalidi said during an interview with “Al -Sharq” that “the duplicate and evaluation in the market is currently at very low levels, compared to their average during the past ten years”, which will support the index during the next phase, especially with the announcement of the financial results for the second quarter of the year. The Saudi index of this decline is in conflict with the direction of other wave stock exchanges, which have increased in general today, in an indication of the survey of investors for the risks of the military escalation between Israel and Iran in the region. Israel and Iran continued to exchange attacks for the fifth consecutive day, despite reports of Iran’s desire to reduce the escalation and its willingness to return to core talks with the United States, provided it does not interfere directly in the conflict. Last night, US President Donald Trump asked Tehran’s evacuation immediately, which briefly led to the rise in oil before it refused, Brent -rough traded near $ 73 a barrel compared to about $ 65 before the conflict began. The market traders are awaiting the latest expatriates and awaits the inclusion and the beginning of the trading of “Flynas” shares tomorrow, Wednesday, which is the first inclusion in the Aerial Sector on the Saudi Stock Exchange. Analysts believe that the shares of the business will be very attractive to investors who want to diversify their investment portfolios, especially as the price of the offer of 80 Riyals per share means a profitable repeated equivalent to the average similar companies in the region.