How will Saudi shares interact with optimism over oil prices and quarterly results?

Investors in the Saudi Stock Market are awaiting the quarterly profit advertising for listed companies amid expectation of good performance for various sectors, in addition to issuing modern estimates more optimistic about oil prices in 2025. The leading sector. “Standard Chartrad” expected the average price of oil to extend between 90 and $ 95 a barrel in the current year, according to “Bloomberg”, while “Brent Ru” traded in the March delivery contracts at about $ 77 a barrel. The market today will monitor the interaction of the energy sector shares with the new expectations that violate many investment banks and credit rating agencies, which set a goal between $ 60 to 75 a barrel during 2025. Supplies and petrochemical materials and their reliability, according to the Saudi Personal Agency. Improving oil prices and consequently government revenue will also benefit banks by increasing their government deposits, as well as an indirect benefit of cement sectors, real estate development and consumer products in light of the expansion of the kingdom. Optimistic Bank Profit Expectations and Cement Businesses The attention of clients is on their way to the banks and cement sectors for the upcoming period, after a number of financial companies issued their estimates for the results of the fourth quarterly business, where the “Siko” Investment Bank expected the growth of the profits of “Al -Rajhi Bank” and ” The last quarter of the year, according to the “between 26% and 42%, was published by” Arqaam “. Abdullah al -raidi, CEO of the “Disana Finance” business, believes that the pressure on bank shares is exposed during the Wednesday session, explaining the expectation of the future of interest rates and the results of the banks for the fourth quarter. He added that the expenses of reducing interest to once during the current year by American federalism cast a shadow of the future of the growth of the bank loans and thus the expected growth rates of the sector. Chamber profits, has the trading scene changed? “Riyadh Financial”, “Siko” and “Al -Jazeera Capital”, all of which at the end of the fourth quarter expected a major boom in the quarterly “flow” profits, where estimates indicated that growth was more than 400% to more than 600%. During the next few sessions, the market will monitor the performance of the shares of cement companies amid the pressure of the decision to increase diesel prices by Aramco, and the expectations of the standard business results of companies during the fourth quarter. “Sico” expected “Umm al -qura cement” to achieve 107% during the last three months of 2024, while the “City Cement” profits will increase by 14%. At the end of December, the General Competition Authority in the Kingdom issued its approval to integrate the two businesses by issuing new shares with an exchange factor of 1.11 shares in the city’s cement for each arrow that exists in “Umm al -qura”. Extra opens the results season and in the retail sector, the United Electronics Company (Extra) opened the results season by announcing its net profit growth by 41% to about 178 million rows in the last quarter of last year, supported by sales growth, especially through E -trading and the performance of consumer financing. The “extra” shares rose 2.1% in yesterday’s session after the profits were announced, amid a retail sector recovery, backed by a 30% jump for the part of “Nice One Buiti” in the first sessions of its circulation.