Separation of my sales can be the Saudi stock track amid the restoration of global markets and oil

The Saudi stock market has entered a short -term correct phase with technical factors that control clients’ behavior after the general index delivered losses over a three -week period that led stock prices to attractive investors, but the value of transactions is still below average. The correction coincides with a recovery in the US stock markets this past weekend and the increase in global oil prices following peace talks between Russia and Ukraine, which reduced expectations that the Russian rough will return on the market soon. “Tassi” continued yesterday to rise to the second session in a row, as it rose 1% above the level of 11850 points, supported by a collective rise in the leadership sectors, especially the basic materials sector, which led by 2.3% by ‘Sabic’ share. The price of the “Saudi Research and Media Group” shares increased by 8% and “MBC Group” by 3.6% has resulted in the media and entertainment sector increasing about 6%. “The index, after these declines, has incurred the extent of saturation for the first time since the end of November, and it was one of the strong references to the entry of streams in the short term, in addition to the fact that 11,800 points are the level of meeting in the short term,” says Mohamed nobility, the financial analyst of “Al Sharq”. Ahmed Al -Rashid, the first financial analyst in the newspaper “Al -iqtisadiah”, believes that “technical indicators show that there has been an exaggeration in the sale in the last sessions and that a fall in the price levels we have not seen for years … These technical factors encourage some traders to sell and sell in the market.” Support the fourth year of trade values? The inclusion and beginning of the trading of the ‘Arab company for Agricultural and Industrial Investment’ (production) is scheduled today, which is the fourth insertion this year after ‘Finance’s Knowledge’ last week, ‘Nice One’ and ‘Al -Mousa Health’ in January. The newest listing will increase the value of trade that scored 4.6 billion Riyals yesterday, which is less than average for three months of 5.8 billion Riyals. The ‘financial’ shares attracted the liquidity of 1.2 billion Riyals to increase the maximum of 30% in the first days of trading in the market last Monday. Abd Rabbu Zaidan, head of research and studies at the “Financial Numbers Gate”, expects the performance of “production” shares to be near the share of “financial”, as “the share of individual investors will be when the awarding of subscription shares has reached only one share, and therefore will be an appetite for the acquisition of larger quantities in a production company.” ‘Sabic’ shares are still recovering, and attention today is aimed at the ‘Sabic’ arrow, which has risen by 1.9% in the last session, continuing the series of heights since last week, exceeding its profits in the last 7 sessions by 4%. Al -Rasheed said that “the situation has not changed much in the petrochemical sector, but Sabic has reached the levels without the bottom of Corona 2020 and these levels encourage some market traders to buy just because of the significant declines in the share. But the basic factors in the petrochemical market have not changed and the judgments are still high.” Petrochemical enterprises around the world suffer from high costs and the decline in profit margins, amid constant concerns about the growth of the global economy and the level of demand, especially in China, the largest consumer in the world, in addition to the expected negative consequences of the possibility of setting up new US Customs Definitions that can make the recovery more difficult.