"Al -rajhi Bank" shares lead the Saudi Stock Exchange to 11,500 points

Al -Rajhi Bank’s share has led the Saudi Stock Exchange Index to an important technical level today, in collaboration with the visit of US President Donald Trump to the Kingdom, which focuses on improving economic and investment collaboration between the two countries, and amid relief in the global financial and commodity markets after a temporary calm between China and America. The “Tassi” index ended today’s transactions, rising 0.4% at 11532 points, supported by the rise of the “energy” and “banks” sectors. Among the leaders, the prices of Al -Rajhi Bank, Al -Ahly Bank and Sabic have increased, while Aramco’s shares have resolved unchanged. Ahmed Al -Rasheed, a first financial analyst in the newspaper “Al -iqtisadiah”, indicated that “the market saw remarkable fluctuation during the contemporary session, as purchases over the opening and closing prevailed, but the sales pressure returned to impose itself during trade.” He indicated that “this road reflects the problems of exceeding the level of resistance at 11537 points, unless new incentives appear to be that raises positive momentum and the appetite of investors for risks, especially in light of completing most companies’ disclosure of their financial results.” The kingdom is a ‘wonderful capital’ during a discussion session on the sidelines of the Saudi American Investment Forum, which was launched today, said Black Rock Asset Management CEO Larry Fink said that the Kingdom of Saudi Arabia is a ‘great capital of capital’ and ‘huge opportunities’ for investment. “Now we see great opportunities to invest in the kingdom. The Kingdom is a great capital and we have now taken more flexible headquarters here. We have investment teams and we are now starting products to invest here in the Kingdom,” according to Fink. He added that the Kingdom has an opportunity to strengthen its financial markets more to become among the world’s leading markets, which will increase the kingdom’s position for a long time after 2030. An output for global markets has found that stock markets and global commodity outlet, amid the optimism that the temporary agreement between the United States and China can end the comprehensive dew. Oil prices and most of the initial goods have risen, as the price of ‘Brent’ crude oil rose 1.6% to sit down at $ 64.96, and the crude oil “West Texas” rose 1.5% to close at $ 61.95 a barrel in New York, while buyer rose 0.8%. European natural gas, soybeans and iron ore also recorded profits, and shares of large mining companies jumped. In Wall Street, the S&B 500 index increased more than 3% to exceed its levels at the “Liberation Day” announced by President Donald Trump on April 2. In Asian stock markets, most indicators have increased, which has detected the impact of US stock gain. Japanese stocks have led the profits in the region, as the “Topix” ​​index for the thirteenth day in succession has risen, and the equity indicators in Australia and Taiwan have recorded an increase. However, the ‘Hanging Sing’ index was a decline next to the US stock futures, after scoring a leap on Monday.