The Saudi Market sends signals to the results of "Sabic" .. How does it move during Ramadan?

The shares of the basic material businesses are under pressure amid the ongoing suffering of the business listed in the sector, which dropped the General Index of the Saudi Stock Market in the last session, to continue with a series of declines that started this week and lost 155 points, although the rise of the “StC” and “Al -Rajhi is limited to loss. The “Tassi” index ended the transactions, with low 0.6% at 12232 points, with the value of trading 5.7 billion Riyals, which approaches its average for three months. Mary Salem, the financial analyst at Al -Sharq, said: “Obviously, the investors are going out of some shares before the month of Ramadan because of the results such as Sabic and others to restore the concentration. Generally, there will be a slowdown in the month of Ramadan, so that the interaction with companies and the results can decrease.” Ahmed Al -Rasheed, the first financial analyst in the newspaper “Al -iqtisadiah”, believes that the Wednesday’s session, in contrast to the session that preceded it, “did not see a purchase activity, and it is not a good sign … the market stability at the end of the week does not give a good indication of a positive momentum. The results of “Sabic” pressure on its shares. The focus is expected to continue in the contemporary session on the part of the Saudi Basian industrial company “Sabic”, which recorded its lowest levels since March 2020 before reducing its losses to 2.14% at the end of the session, and Al -Brasheed believes that the low price levels can encourage investors to buy the next phase. The results of “Sabic” for the year 2024 came without expectation, as the losses worsened by more than ten in the fourth quarter, while the company indicated that the challenges associated with the abundance of offer and price reduction in addition to geopolitical challenges. “I think that expectations did not affect at this stage, but rather the psyche of the investors who almost became sure that the sector companies, despite all the improvements, could not overcome the crisis at this stage,” Salem said. Salem has indicated that “Sabic” has changed the policy of announcing the distributions to become the following of the results, which means that the investor cannot rely on the existence of distributions, regardless of financial results, especially as we saw that the company’s cash flow dropped significantly. “Petrochemical companies 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. The profits fell last year, as ‘Yanbu Petrochemical’ (Yanbil) and ‘Saudi -Petrochemical Entity’ have been disappointing over the past few years, with a sign of the ongoing challenges in the world in the world. Materials, which include several sub -sectors, including petrochemicals, fell by 1.7%, with most of the sector’s shares dropped. Listed by 2.65%to approach its 6%losses since the announcement of the financial results of the company. “STC” share supports “tassi”. Attention is also directed at the part of the “Saudi Telecom Company” (STC) after 3.6% jumped in the last session after the company announced the results of great expectations that encouraged it to recommend additional profits with two Riyal per share. Al -Rashid said that investors will continue to increase investors on the “STC” arrow as long as the company increases growth … as well as the financial distributions in a big way and the interaction reflects that investors in the market are waiting for such divisions that can achieve good financial performance that attracts investments to them, especially with many competitive alternatives to the stock market. ” Despite the decline in the other three shares listed in the sector, its index was able to rise by 2% thanks to the STC.