The first stock trading sessions in the Saudi Market are expected to be relatively calm in the values of trade with some profitable operations as it coincides with an official holiday on the occasion of New Year’s Advertising in most world markets. The high Saudi stock market index, “Tassi”, which increased by about 200 points during the last three sessions, could be a catalyst for the rise of some profit makers, the signs of which appeared during the closing session yesterday, as the index lost more than half of its profits during the session by only 36 points. The “Tassi” index closed at the level of 12036 points, which is the first time in two decades that the index closed above the 12,000 points level. “Aramco” increases the price of diesel locally. “Tassi” ended last year on a marginal increase that was no more than 1% under pressure due to the decline in the share of “Saudi Aramco” by about 15% – the biggest loss of the share annually since the listing – which was influenced by the fall in oil prices, and the expansion of production reduction by the “OPEC+”. However, the share of Aramco can see some momentum during the contemporary trading after the company increased diesel prices in Saudi Arabia by 44% to 1.66 Riyals per liter, according to the latest updates of the company through its website yesterday. Oil prices also witnessed a rise during the last session in 2024, after the fact that the factories’ activity for the third month in China, the largest oil importer in the world, expanded. The market will monitor the shares of the petrochemical sector, led by Sabic’s share, with economic recovery signals in China, whose President Xi Jinping said that the country’s GDP will be expanded by about 5% for the entire 2024, in accordance with the official goals. Competition of the risk -free return, Ahmed Al -Rashid, the first analyst in the newspaper “Al -iqtisadiah”, said the market is trading against complications with high profits exceeding more than 20 times, limiting the market’s possibility over the past year. “The risk -free time and bald postings have increased significantly in Saudi banks to represent a third of the cash supply, to appear as a strong competitor for the returns of stock distributions,” according to Al -Rashid. Despite the high deposits in Saudi banks, they have grown at lower loan growth, which brought the percentage of loans to non -average deposits, or known as ‘LDR’ to more than 107%, according to the monthly statistical Bulletin of the Saudi Central Bank. In turn, “Fitch” expects Saudi banks to achieve 12% growth during 2025 with a neutral appearance. It is estimated that the expected growth rate this year represents the average golf bench growth rates. Anton Lionine, a first manager of Fitch Ratings, said in an interview with “Al -Sharq” that foreign exchange obligations have reached a historical level over the past year at 10% of the total obligations of Saudi banks, which is an indication of the growing demand for liquidity with the acceleration of “vision 2030” -projects. The market will monitor the shares of the banking sector led by “Al -Rajhi Bank” and “Al -Aahli Saudi Bank” with a recovery of the appetite for risk and positive performance during the past few sessions, but the banks’ shares are still trading at low profit complications of only 12 times. Joint shares have unveiled a number of Saudi businesses expanding plans by non -Cash acquisitions, referring to compliance with businesses in liquidity to their operating activities and at the same time responding to expansion policies with the expectation of a strong growth in the Kingdom’s economy in the year 2025. Shares of the leading industrial investment in exchange for issuing new shares for the company’s shareholders. ‘City Cement’ gets a non -relatives of the general competition authority to obtain 100% of the company ‘Umm al -qura cement’ through stock exchange. ‘Golf training’ applies to the Capital Market Authority to increase its capital for the shareholders of the ‘Lights of Guidance’ business in exchange for the acquisition of 80% of the latter. The attention will be addressed to the arrow of the ‘SAVOLA Group’, which deposited the amounts returned from the sale of stock fractures as a result of reducing its capital in the accounts of the shareholders on Tuesday.
The global market vacation .. Will the Momentum of Saudi shares weaken?
