Saudi shares end the week with narrow profits

The Saudi Stock Exchange achieved a stable achievement this week, while the petrochemical sector has achieved today’s profits led by Sabic, thanks to indicators on positive developments worldwide for the industry. The “Tassi” index closed Thursday’s transactions, fell 0.01% at 10867 points due to Aramco, Al -Rajhi Bank, Aqua Power and the first bank, but liquidity values ​​improved to 5 billion Riyals. At the same time, most sectors, especially energy and banks, have dropped, while the basic material sector has risen. The market achieved a profit of 0.3% weekly, after 1% fell in the previous week. Ahmed Al -Rasheed, the first financial analyst of the newspaper “Al -iqtisadiah”, is of the opinion that the extent of the narrow circulation of the Saudi index during the week the continuation of the anticipation and awaits any positive developments, which occurred in the petrochemical sector, led by ‘Sabic’, which was in the highest level, and Developments, which were at the highest level, which recorded in more than 3 months, thanks to developments, which were at the highest level, thanks to 3 months, thanks to developments, which were at the highest level. described as ‘positive’ for the sector in China and South Korea. Al -Rasheed explained in an interview with ‘Al -Sharq’ that China is moving towards the restructuring of the petrochemical sector by closing the small installations with high cost, and Beijing of ethylene has decreased in the first half of this year to almost the lowest level since 2020, in a time when South Korea is in a time. announced, according to the description of the country’s official. It may also be interested in: China is containing the dominance of petrochemicals with a fundamental reform plan. The Al -Brashid. The decrease periods have decreased, it seems that the market is in the process of building a support base before a possible transformation is after the rise, according to its estimate. Explain: “This level is acceptable, especially since some stocks drop without that level. The descent of the repeated form an opportunity to restore the index. “Al -Taha expected the opportunity to restore the market next month, as well as the improvement of the liquidity that he said was not characterized by the scope, but awaited the right opportunity. ‘Riyadh -Herbuilding’ with the ‘Saudi Property’ business completes the implementation of two projects for two educational complexes at the Riyadh Schools Group at a cost of about 275 million Riyals, where the percentage of the Riyadh development ownership in both projects is 50%. achieved, which increases by 5%almost every five years.