The Saudi Stock Exchange is fighting against the absence of incentives for a third session

The Saudi Share Index “Tassi” dropped at the beginning of today, Wednesday, Wednesday, in the third consecutive session, with the continued absence of internal stimuli and the decline in the initial positive impact of interest rates in the United States. The index lost 0.26%, with 10845 points. Some of the most active in the market have increased the shares of “Aramco”, “Sabic” and “Kayan” to the petrochemical, while the arrow of “Al -Rajhi Bank” has decreased. Majid Al -khaldi, the first financial analyst in the newspaper “Al -iqtisadiah”, believes that the absence of leadership stock incentives influences the morale of clients whose attention is currently on the way to the US interest rate decision. The market recovered at the beginning of the week after Jerome referred to the first president of the Federal Reserve to the possibility of the cash facilitation course next month. Al -khalidi, during an interview with “Al -Sharq”, pointed out that “the cohesion of the market during the past two sessions is above the level of 10850 good points and gives the hope to exceed the levels between 10900 and 10950 central points, which means they will overcome the moving average for a 50 -day period, which will encourage traders to open the market and the new centers.” An impressive news, and under the news affecting the market today, the Saudi cabinet on Tuesday approved the system of real estate expropriation for public interest and the place of temporary hand to real estate. The real estate management and development sector index fell 0.5% at the beginning of today’s transactions. Mohamed Al -Farraj, head of the first asset management in “financing profit”, says that the decision will have different consequences as it will push the most important owners of “white countries” to sell real estate for fear of removing it, but it is positive for the sector in general, because the market of short -terre mirror and ‘vision 2030’ will contribute. He added, “Within a year to three years, there will be a sudden increase in the offer of senior owners for fear of expropriation, and a slowdown in speculation will occur, and during this period development companies will be available to obtain countries within urban communities, whether in Riyadh or Jeddah for more projects, either residential or commercial.” He expected it to lead to the stability of the property market in the kingdom in the long run. Bank shares are fully suffering from the shares of the listed banks, so that the sector index in the morning trading drops about 0.7%. The publications of the Kingdom’s banks continue, as the ‘Saudi -Fransi bank’ today announced the collection of one billion dollars from the issuance of capital paintings from the second segment denominated in dollars. The bank’s shares fell 1.6%. The ‘first’ and ‘Alinma bank’ also announced dollar publications. But al -khalidi believes that the sector is “closest to the leadership sectors to come from the current cross range, and support will be derived from the monthly central bank bulletin if it reveals a positive achievement for banks in the first months of the third quarter.”