The most important Saudi Market Index “Tassi” ended today’s trading with a slight increase of about 0.1% to close at 10974 points, after cutting the level of 11 thousand points several times during the session. The index therefore records its profits for the third session in a row, as the increase in the upper session has been since April last year. The basic support comes from the part of the National Bank and Alam Company, owned by the Saudi public investment fund as they have increased since the beginning of the session. On the other hand, Saudi -Aramco and Al -Rajhi Bank continued to print the index. Oil prices have recorded a slight increase after seeing the biggest decline in two days since 2022, in light of the evaluation of investors for the ceasefire between Iran and Israel, and an industrial report showing a new decline in US crude shares. Brent -ruol rose by about 1% to approach $ 68 a barrel, after a 13% drop over the past two days, while the between -Ru -Ru -West of Western Texas exceeded the $ 65 barrier. Also read: The fall in oil prices in April reduced the Saudi trade over 62% and carried the origin of the chairman of the federal chairman of the federal chairman of the federal chairman, with investors chairing the chairman of the chairman of the chairman of the chairman, and the intensity of tension in the Middle East. The MScI index for emerging markets has risen by more than 0.6%, led by the currencies of South Korea, Chile and Malaysia. Yesterday’s session of the main Saudi stock market was the biggest daily height since the tenth of last April, after the index entered important technical levels to close at a point that is a separation of the dumping track, according to what analysts see at the level of 11952 points. Ahmed Al -Rasheed, the first financial analyst in the newspaper “Al -iqtisadiah”, said in an interview with “Al -Sharq” that the market is a contrast state today, to the strong profits it has scored during the past two areas, which has exceeded 400 points, which has urged some short investors. Al -Rasheed pointed out that there is a state of hesitation and confusion among the traders, in light of the anticipation of the results of companies and the expected decision on customs duties, and wonder if the market could actually get out of the downward track that started since last February. Mohamed Adel, the financial analyst in Al -Sharq, said the return on the distributions in the Saudi market exceeded more than 4.5%, which has been highest since 2020, while the profitability has doubled 15.5 times, which is the lowest. He was of the opinion that these indicators represent positive factors that support the return of the investment, especially in light of the stability of oil prices, despite the last month. Imad Al -Rasheed, a member of the Saudi Economics Association, said in an interview with Al -Sharq that the performance of the specialized medical company and flying people violated the usual pattern to register strong heights in the first trading sessions after the two shares raised a sudden decline, which raised questions about the weakness of investors’ appetite for subscription. He explained that this behavior achieves the question of the nature of the coverage of subscriptions, and is done according to long -term investment plans or brief speculation, considering that what happened reflects the dependence on some investors of a pure speculation strategy, and at the same time appeals to the part of individuals in future subscriptions. Majed Al -khaldi, the first financial analyst in the newspaper “Al -iqtisadiah”, said in an interview with “Al -Sharq” that the market has started to form a short time, a positive development recorded for the first time since the fall of the market in February last year. He pointed out that the levels of 10850 and 10800 points are decisive, and it is important to preserve them during the day and tomorrow’s sessions, even if the index draws some declines, as stability above these levels would give the market more momentum during the next week.
-
-
-
-
