"Aramco" saves the Saudi Stock Exchange from its fourth weekly loss

The General Index of the Saudi Stock Market compensated the losses suffered for two sessions to reduce a wave of losses that lasted three weeks, with an increase at the end of the trading today, Thursday, 0.4% to 11760 points. Energy companies, led by Aramco, have led the “Tassi” index to terminate this week, with 0.3%, which has been the biggest weekly profits since the week ending January 30, despite the decline in the banking sector’s shares amid the evaluation of customers of the US federal president. Isaac Ali, head of the assets and consulting administration at Winfstin Financial, believes that the levels that the market is currently reaching involve some equity opportunities in terms of prices “and investors should benefit from them,” it is added: “The shares involving growth capacity and these capabilities are not reflected in the prices of their shares and some defense. Saudi Market. ” “Aramco” stocks reflect the tendency of the price of “Aramco” today by 2.6% to 25.7 Riyals, which has recovered from the lowest levels in the five years that were recorded at about 25 Riyals the last session. Ahmed Al -Rashid, the first financial analyst in the newspaper “Al -iqtisadiah”, today attributed the rise of the share to “the decline in low levels we have not seen since mid -2020, and the presence of cash distributions, even if reduced, but remains in a competitive framework for the Saudi stock market.” American federalism awaits the interest. The US Federal Open Market Committee voted on Wednesday to resolve the standard rate on federal funds in a series of 4.25% and 4.5%. After the decision, US Central President Jerome Powell recognized a great deal of uncertainty about the most important changes in the policy of President Donald Trump, while claiming that the federal was not in a hurry to amend loan costs. In the contemporary session, the Saudi banking sector index fell 0.4%, with the shares of “Al -Rajhi Bank” 0.6%, “Al -hly” 0.14%and “Al -Arabi” 1.2%. Al -Rasheed believes that “the repetitions of the arrow of Al -Rajhi Bank of the highest in the sector, so we do not find that it moves in a clear format with the rest of the banks’ shares,” especially if it reaches a price near the judgments that hold about 100 to 103 rialals. He warns that “interest rates are pushing the markets in the past periods, and if there is the possibility that they will remain high, it will negatively affect the height of the markets, so that liquidity prefers other investment alternatives, especially time and savings, bonds and bonds.”