The Saudi Stock Exchange ends up for the seventh session with the continued absence of incentives

The hope in the Saudi stock market is held on a mixture of changing world conditions and improved corporate profits, to compensate for the losses of the general index, which has exceeded 11% in the absence of incentives since the beginning of the year. The “Tassi” index closed slightly at 10667 points, continuing the retreat of the seventh session in a row under the weight of most sectors, although the height of the banks and influential energy sectors had limited losses. Under the leadership shares, the arrow of “Aramco” and “Al -Rajhi Bank”, which is the largest, increased to the index, while the shares of “Aqua Power”, “Sabic” and “Al -Ahly Bank” decreased. Junaid Ansari, director of the Department of Investment and Research Strategy in Kamco Invest, believes that the main pressure on the market comes from the uncertainty of investors on how to move to future development processes and finance the most important projects that the kingdom recently announced among low oil prices. He added during an interview with “Al -Sharq” that “local institutions, whether government or private entities, are currently selling in the Saudi stock market with the aim of positioning in other projects with larger opportunities within the kingdom.” Ansari expected the subject managers to begin in the formation of centers for the next year during the fourth quarter, which is accompanied by a change in the direction of the market. 3 Expected factors determine the direction of the Saudi Stock Exchange for its part, Ikrami Abdullah, the chief financial analyst in the newspaper “Al -iqtisadiah”, sees that the exposure of the Saudi market on global markets, especially oil, is more influenced by global changes under the local stock exchange. During an intervention with ‘Al -Sharq’, he pointed out that the market is now waiting for three factors that can help change the direction, namely to lower interest rates and high oil prices more than $ 70 a barrel, and the profits of listed companies will increase their ability to increase their financial distributions. The Federal Reserve is expected to decide to lower interest rates during the next meeting in the middle of this month, which will increase the attractiveness of the stock market and reduce the attractiveness of other high -risk investment instruments. Abdullah adds that improving oil prices will increase the profits of “Aramco”, the largest company listed in Saudi Arabia in terms of market value and petrochemical enterprises. Brent mix – Global Meeting RAW – is currently trading just over $ 68. “Marketing House” abandoned its profits, the arrow of the “Marketing House”, the tithing of a listing on the Saudi Stock Exchange During 2025, its profits, which reached about 9% in early trade, to close about 5% at 80.8 Riyals. This achievement comes in line with the direction of most of the newly retired shares to decline without the offers in the midst of a general decline in the market. But Mohamed Al -Farraj, head of the first asset management in ‘financing profit’, believes that the share is ‘very strong in terms of basic factors and the financial structure of the company’. He said during an interview with “Al -Sharq” that the company’s statement of cash distributions of 4.5 Riyals for 2024 and the first half of 2025 represented a 5% return on the current price, and that the basic support for the market price of the share will be, in addition to the company’s expansion plans in the Golf collaboration, which will receive its recommendation. ” Geni Winsions Land With the ‘national national’ arrow after a loss of 4.6% in the last session, the ‘Arab National Bank’ arrow still dropped for the second consecutive session to lose 0.7% at the end of contemporary trade. Abdullah attributes the decline in the share to the sale of profits after “it increased strikingly, unlike the rest of the sector’s shares during the recent sessions due to the purchase of 10 million shares to employees, which created a big demand for the share.”