The energy sector retains the balance of the Saudi Stock Exchange, despite the landing of banks

The energy sector led by Aramco’s shares has increased to compensate for the impact of the banking sector, which has a major relative weight in the Saudi market, and the main stock index helps stability to varying scope during the Wednesday session. The “Tassi” index closed at 11532 points unchanged, with the value of improving the trading to 6 billion Riyals, while the telecommunications sector suffered a significant loss following the start of the trading of ‘Saudi Telecom’ shares (STC) without the right to profit. Among the leaders, the shares of “Al -Rajhi Bank”, “Al -Hy Bank” and “Aqua Power” have increased, while the price of “Sabic” has dropped. Traders have ignored the positive atmosphere associated with the visit of US President Donald Trump to the Kingdom and the billion investment agreements in various sectors, as well as external support factors of global markets to the calm of commercial tensions. Junaid Ansari, director of the Department of Investment and Research Strategy, “Kamco Infost”, indicated that Saudi businesses during Trump’s visit will benefit from the declared transactions, but “in the long run.” He added during an intervention with ‘Al -Sharq’ that companies directly related to ‘Vision 2030’, and the Saudi government will be positively influenced by these transactions, but in the long run. Ahmed Al -Rashid, the first financial analyst in the newspaper “Al -iqtisadiah”, is the chance of High which exists on his part. He added in an intervention with “Al -Sharq”: “The market was under pressure today due to the circulation of some shares without the right to profits such as (STC), but he tries to socialize and still has opportunities to rise, even if it will fall a little, but the technical and basic aspects of the present time support the financial results that the period of 11600 can reach the financial results, terminated. Financial analyst meeting Mansour indicated that ‘Saudi Arabia for electricity’ will continue to experience income and profits unless it looks at its financing structure that depends significantly on its sukuk or its operational efficiency significantly. He said during an intervention with “Al -Sharq” that “the company depends on the financing by the Sukuk, which means it is forced to distribute profits by sharing the loss of capital and bearing the loss of capital. Therefore, the company must reconsider the financing structure or significantly increase the operational efficiency, to compensate for the spread of speculations.” An ongoing recovery in global markets comes as a recovery in the global financial markets continues, as the declaration of commercial ceasefire between the United States and China, while oil prices have benefited from the increase of Trump’s tone to Iranian oil exports. Wall Street has compensated all its losses recorded this year to lead the shares of major technology companies last night, with the shares of the chips companies for profits following the announcement of the ‘Envenia’ and ‘Advands Micro Devis’ business to provide the newly formed Saudi -Humayin business, which focuses on artificial intelligence with semi -charts in a large project for data. -Centers in the Kingdom. The S&B 500 index rose 0.7%, while the Nasdaq 100 index rose by 1.6%. In Asian stock markets, the shares of China and Hong Kong have ascended amid anticipation of the results of the business of some of the largest Chinese technology companies, while the indicators in Japan have decreased. Trump said during a visit to Saudi Arabia that the United States will put the biggest pressure on Iranian energy exports, if there is no agreement on Iran’s nuclear program, after the US State Department has set sanctions on a network that helps send Iranian oil to China. Oil prices stabilized to a wave of climbing to circulate ‘Brent’ ru, near $ 66 a barrel after rising about 10% during the previous four sessions, while the between Western Texas exceeded $ 63.