Saudi shares have dropped amid a limited impact of geopolitical escalation on the market's markets

The Saudi stock market dropped at the end of contemporary trade, amid a limited response from the wave stock markets in general to the latest escalating geopolitical tension in the region. 196 shares have dropped from 256 shares listed on the market to close the most important “Tassi” index, low 0.3%, with 10498 points, under the weight of the energy and communication sector, while the banking sector of losses increased. Under the leadership shares, the shares of “Aramco”, the largest Saudi company listed in terms of the market value, “Aqua Power” and “Al -Ahly Bank”, took off, while the shares of “Al -Rajhi Bank” and “Sabic” increased. The market has not differed in the past few weeks today, indicating that there is no significant impact on the air strike launched by Israeli forces yesterday, which Hamas leaders in Doha in Doha, in the first Israeli attack in Doha since the beginning of the conflict that continues nearly two years. Al -jazeera reported that the targeted leaders of the attack survived. In the broader wave region, stock markets fell in Dubai, Abu Dhabi and Qatar, while the trend violated the first market index in Kuwait. An attempt at cohesion despite its descent today, the market coherent near the level of 10500 points, which describes analysts as technical support, and the market carried it earlier. Ahmed Al -Rashid, the first financial analyst in the newspaper “Al -iqtisadiah”, said that the level of fluctuation in the index movement today has been less than in recent weeks, indicating “depth in requests that made the market more stable.” He added during an intervention with ‘Al -Sharq’ that the ability of the market to cohesion depends on the data that will appear in the next phase regarding the prices of producers and consumers in the United States, which will play a role in interest rate expectations, especially as we approach the Federal Reserve. ‘The US Federal Reserve is scheduled to meet on September 16 and 17 to make a decision on interest rates amid strong expectations to lower between 25 and 50 basis points. A new bottom, Thamer Al -SAEED, CEO of investment in: BLMA Capital KSA, believes that the market is currently at this stage to form a new bottom, but it will be ‘wide’, and therefore it will be a high fluctuation, but he has expressed its optimism for the market movements in the last quarter of the year. He added in an intervention with ‘Al Sharq’ that this optimism is supported by the idea that the financial results of companies and evaluation indicate the current market that the compensation for part of the losses’ in addition to the advertising of cash distributions and positive expectations of businesses for their business is in the last term. In terms of the reasons for fluctuation, he has indicated that investors cannot determine the direction of the market, in addition to the low morale of investors to the market loss since the beginning of the year more than 11%. Al -Majidiya shares lowers the closure of the “Majidiya” real estate shares, the latest market expatriates, by 1.2% low to circulate without the price of the inclusion of 14 Riyale in a continuation of the relative poor performance of some of the new wishes. Al -Maimouni said that “the fair evaluation of the price of the arrow of Al -Majdiya on a repeated 13 times. We need several sessions to see the amount of transactions on it, but the Majidiya brand has a strong impression in the real estate sector, and I expect a positive path for it, especially as the market stabilizes.