The Saudi Stock Exchange has the biggest weekly loss in a month and a half with oil drop

The Saudi Stock Market Index fell for the fourth time in the last five sessions on Thursday to wear a weekly loss of about 2.6%, which is the largest in about a month and a half, amid sales pressure on the shares of major businesses, affected by the decline in oil prices in the light of the exhibition in the offer. Most of the leadership shares dropped after the week’s sessions, especially the ‘Aramco’ share, which began today to circulate without the right to profit distributions as well as ‘Aqua Power’, which descended to the lowest levels since February 2024, after the company gained the green light to raise the capital by priority rights. Majid Al -khaldi, the first economic analyst in the newspaper “Al -iqtisadiah”, attributed the arrow of “Aqua Power” to his circulation with high repents in light of a stimulated capital, which encouraged the traders to go out, even partially increase their liquidity. “The subscriptions withdraw the liquidity The” Tassi “index has ended today’s transactions, with 1% at 11188 points, which is the lowest level of closure since April 9, with the continued values ​​of poor trade at 4.4 billion Riyals. -Sharq ‘indicated that the weak liquidity may be the result of the new subscriptions that withdraw the liquidity from the market, which can continue as a result of the more planned subscriptions in the upcoming period. and the supply volume is 4.1 billion Riyals, which will reach the value of the market business. After it ended up with about 1% during the previous two sessions, while the price of ‘Western Texas’ ruol approaches 61 dollars. I think traders will start stationing by mid -June. If an 11 thousand points refusal takes place, it will be a good point to build purchase centers. “