Liquidity scarcity loses Saudi shares the momentum of Ascension

Low liquidity levels form a major challenge for the Saudi stock market to gain the momentum to overcome the transverse direction that the “Tassi” index required during the year 2024, analysts told Al -Sharq. Yesterday, the Saudi Market recorded the second lowest daily trading values ​​this month, at 3.8 billion Riyals. You will be a new quiet session with US and European stock markets on Wednesday. Analysts suggest that the “Tassi” index retests the level of 12,000 points today, after a marginal decline yesterday with 0.3%, with the support of leadership shares in the banks and petrochemical sectors. “The market retains part of its profits in the previous session on an improvement in the appetite for risk, but the absence of liquidity indicates the prevailing state of anticipation,” according to Ahmed Al -Brashid, the first analyst of the newspaper “Al -iqtisadiah”. The “Makkah road” developed after the stock market will monitor the market shares of the real estate sector, after the Capital Market Authority has revealed its approval to offer more than 9% with a little shares of “Umm al -qura for development and reconstruction business, responsible for the development of” Makkah Al -Mukarramah “, for the initial public subscription. which can strive for the fund to finance the “Vision 2030”, and to regain capital in new investments. to close a height of the second session in a row. The impact of oil fluctuation will monitor the market, “Aramco”, on the impact of the recent oil prices increase, which is influenced by the concerns of the re -elected US President Donald Trump, as well as sales of China in the US Treasury bonds to stimulate the economy. China’s steps to support the second largest economy in the world are likely to form a basic impact factor in the Saudi stock market, as Beijing is the largest commercial partner for Riyadh. The market will also focus on the shares of the ‘petrochemical’ sector led by ‘Sabic’ and ‘Kimanol’. Seed Al Seed, a member of the International Federation of Technical Analysts, was of the opinion that this year saw many events that influenced the appetite for investment, starting with geopolitical tension, through the US presidential election and decisions on interest reduction. The decline in oil and petrochemical prices also clearly influenced the leadership sectors in the market. He believes that poor liquidity seems to be clear in controlling short -term speculative trading, which has led the main market index of fluctuation in a narrow series of less than 1000 points since the beginning of the year. The market will also monitor the ‘National Education’ share, which was broken yesterday, Tuesday, the highest range of losses for the share that extend ten consecutive sessions, as cash dividends are paid to the shareholders tomorrow, Thursday. Other variables “SAVOLA” recover all its instruments offered in 2019 with a value of one billion Riyals.