The Saudi Stock Exchange closes high thanks to strong results and global optimism

The Saudi Market Index “Tassi” rose 0.8% as the Wednesday session closed, and the level of 11700 points closer, supported by strong quarterly operational results for listed companies, amid an aid wave in world markets and the rise of oil prices, to positive statements by US President Donald. Energy sectors’ indicators rose 0.6%, banks and communication by 0.5%for each of them, basic materials by 0.9%and public facilities by 2.9%, while trading values ​​improved to 6 billion Riyal. Under the leadership shares, the shares of “Saudi Aramco” rose 0.6% to 25.75 Riyals, the “National Bank” by 1.3% to 35.7 Riyals, “Sabic” by 0.7% to 61.2 Riyals, “Aqua Power” by 3.6% to 330 Riyals and “Saudi Telecom” (STC) (STC) (stc) (stc). -Rashid, the first financial analyst of the ‘economic’ newspaper, believes that the positive statements from the United States and its quiet tone contributed to the decline in pessimism and the rise in oil prices, which strengthened the Saudi market today through the rise of ‘Aramco’ share. In an intervention with “Al -Sharq”, Al -Rashid said that “the values ​​of trading are generally in general after the market recorded the lowest trading in about a month during the past two areas. Research section at ‘Siko Bank’, in an interview with ‘Al -Sharq’, expected ‘companies’ profits to be the most important provision of the market movement in the short term. “Al -Rajhi” shares reflect the trend despite the strong growth of profits. Net revenue from financing and investment with 25.7%. Riyals, despite the announcement of the company from a net profit growth of 20% on an annual basis to 767 million Riyale during the first quarter of 2025, to exceed the average expectations of analysts of 746.8 million Riyale, according to the data collected by Bloomberg. If expected, although the profits are good. On the other hand, the company’s profit margins expectations this year did not change what it was between 37% and 38% at the end of last year, as subscribers still dropped in the optical fiber communication service. There are positive and negative aspects of the results, and this is also reflected in the performance of the stock today. Commercial tension with China. Futures for US stock indicators have increased in Asian transactions, and US Treasury bonds have recorded profits, while the dollar index provided it for the second consecutive day, in a comprehensive wave of support for US assets.