Saudi shares are rising at the beginning of the week's transactions to the restoration of world markets

The Saudi Stock Market Index began this week’s transactions, amid the story of US equities this past weekend, and the lowering of oil prices for the losses they made at the beginning. The “Tassi” index opened a session on Sunday, up 0.6% at 11576 points, with the price of the “Al -Rajhi Bank” share with 1.3% to 98.9 Riyals, and “Sabic” and “Saudi Telecom” (STC) respectively 0.8% to 61.1 Riyals and 45.9 Riyals. The financial market index has been exposed to serious fluctuations over the past five sessions, but on Thursday it managed to achieve its biggest daily profits during five years, to reduce the losses they at the beginning of last week to reduce by more than half to 3.2%. Mohamed Zaidan, the financial analyst at Al -Sharq, believes that the closure in Thursday’s session above the 11500 points level qualifies the market to test the level of 12250 points during the current week. While Ikrami Abdullah, the chief financial analyst in the newspaper “Al -iqtisadiah” expects, expects, with an intervention with ‘Al -Sharq’, that ‘the volatile performance of the market continues, if it is a pace under the past week, with the concentration of traders on the defense sector providing consumers such as healthcare, community and A world markets recovery, world markets recovered last week as US stocks rose on Friday, gold prices rose to record levels and oil prices lowered some of their losses. This comes in light of a state of uncertainty in the markets amid transformations in the position of US President Donald Trump over customs duties, as it announced the application of additional customs duties to China to reach 145% according to the latest announcement of the White House, but he has the application of mutual fees that have not imposed a revenge. China responded to Trump’s measures to increase customs duties on US goods to 125%. The US S&P (S&P 500) ended Friday’s 1.8% transactions, while gold prices rose about 1.9%, with more than 3237 dollars per ounce. But oil prices are still at low levels in the light of the fee war, as well as the “OPEC+” decision to accelerate the rate of production. The price of Brent ruol received $ 65 a barrel on Friday, while the price of the Western Texas -Tussentage crude oil was $ 61.5 a barrel. Samir Lakhani, director of Global Capital Markets, has noted promising opportunities that the Gulf stock markets, especially Saudi Arabia and the UAE, have promising opportunities in light of the current circumstances on the directors of funds. During an interview with “Al -Sharq”, Lakhani said: “It seems that China and the United States will continue in the trade war. Gulf businesses and economies will benefit from the great liquidity it has, and it will also benefit from strong profitability and high profit divisions that attract investors, and it is good in the light of the macro economic economy.”