The Saudi

The Saudi Stock Market Index, “Tassi”, completed at the beginning of Tuesday’s trade, amid references to the decline in the decline thanks to the rise of a wave of a purchase. The index fell 0.08%, with 10418 points, with the share of Aramco, the largest company listed in the market in terms of market value, against the calculation of banks of banks such as “Al -Rajhi Bank”, “Al -Hy” and “Development”, after the sector fell more than 1% in the last session. Ikrami Abdullah, the chief financial analyst in the newspaper “Al -iqtisadiah”, indicated that a purchase wave in the market at the end of the last session began delaying the frequency of decline. But during an intervention with ‘Al -Sharq’, he added that the market will continue until the end of this week, to be influenced by the anticipation of the Federal Reserve decision on interest rates. It is generally expected that the US Central tomorrow, Wednesday, will announce to lower interest rates by 25 basis points. Sinomi shares are still recovering to a jump in the maximum in the last session, the share of “Fawaz Abdulaziz Al -Hokair and Co.” (Sinomi Retil) performs the list of active shares in the market and increases the maximum weather in the early trading. This comes after the announcement of the completion of the Emirati “Al -Futtaim Retail” procurement agreement in about half of the Saudi retail business at a price of 44 Riyals per share, in addition to the 27.28 Riyals market price. Thamer Al -SAEED, CEO of investment at BLME Capital, said that the company “Sinomi Retil” will change its strategy completely in line with the new strategic investor, adding that changing the board was logical and realistic. He added, “The agreement has been entered into at a higher price than the current market price, which gives the impression that the Al -Futtaim Group expects it to be able to maximize the profits it will earn from Sinomi Retil.” As part of the procurement agreement, Sinomi Retil entered into a 1.6 billion Riyals facilitation agreement with the Emirates NBD in Saudi Arabia, with a guarantee of “Al -Futtaim”.