The General Index of the Saudi Stock Market returned today, Wednesday, Wednesday, Wednesday, to the rise over two sessions, and in the aftermath of the decline in US shares last night amid the anticipation of the Federal Reserve decision on interest, and despite the general recovery in the Asian stocks and oil markets. The “Tassi” index closed 0.3%and abandoned the level of 11400 points, under pressure from the “Al -Rajhi Bank” arrow, with the power sectors fell by 0.6%, banks and basic materials by 0.3%each, and communication by 0.4%. Liquidity amounts to 4.8 billion Riyals. All leadership shares in the market have dropped, as Aramco fell 0.6% to 24.84 Riyals, Al -Rajhi bank with 1% to 95.5 Riyals, “Aqua Power” with 0.4% to 297.8 Riyals, “Sabic” with 1.33% to 59.2 Riyals and “National Bank” with 0.14% to 34.9 Riyals. Prior to the federal meeting, Ya`zo Ibrahim Al -Hindi, the economic researcher at the ‘Arab Market Research Center’, warned the market performance today against the exercise of cautious traders in the light of the prevailing fog in the world markets, pending the decision of the Federal Reserve, as well as to clear the position of the United States and China. It is generally expected that the ‘federal’ will be announced today that they will be unchanged at interest rates, despite President Donald Trump’s increase in pressure on Jerome Powell speaker, saying that the recent strong sudden work data means there is no justification not to reduce the interest. During an interview with “Al -Sharq”, Al -Hindi also noted that investors “await the results of companies’ businesses to replace the centers with what is needed by the need in the markets.” For his part, Ahmed Al -Rashid, the first financial analyst of the “Al -iqtisadiah” newspaper, pointed out a selective interaction in the market with “the shares of businesses approved. The company was marginal, perhaps due to the share in a large percentage before the results appeared. continued, after the company announced that its profits had fallen by 45.7% during the first quarter of the year, to 189.2 million Riyals, despite the growth of revenue by 6.3%. Shareholders have spread. “After excluding the impact of the pastures, we find that the profits have risen about 11%, which benefited from the profits of Panda and some associated businesses,” according to the “economist” analyst. “The restructuring of the investment portfolio has had a negative impact on the share, but in the medium term it will have a positive impact. The company is currently expanding in new projects, including increasing investment in frozen food and improving supply chains.” In the same context, the share of “Zain Saudi Arabia” fell 8.3% to 11.5 Riyals, after the company said the net profits rose 38.8% during the first quarter of this year, to reach 93 million Riyals, but the profits came without the average expectation of analysts. On the other hand, the shares of “Maaden” increased by 0.6% at 51.4 Riyals, after the company announced the growth of its net profits by about 58% to 1.55 billion Riyals in the first quarter yesterday, underestimating the company in a statement of direct impact of US customs in the short term. “Mansour said that” the major industrial transformation within the kingdom will support the demand for phosphates during the coming period, and the high prices of mineral worldwide can explain the increase in the company’s profits. The increase in demand at the moment in light of the lack of clarity on sustainable demand during the current year may be the result of the market price for further high prices. Reports of the company’s tendency to Asian markets, which will improve the performance. Branches and extension of digital platforms will increase sales volume. The global markets have recorded global markets a varying performance today, as Asian shares have risen this morning after news of a prospective meeting between US Treasury Secretary Scott Besent and commercial actors Gameson Ghrir, with Chinese officials in Switzerland. The Asian stocks increased the regional index by 0.4%, while China’s shares and Hong Kong also increased. On the other hand, investors in Wall Street returned to the risk, pending the Federal Reserve decision today, as the shares decreased and bonds rose, at a time when Trump’s statements about customs duties did not calm the fear of the economic damage of his trade war. S & P500, Nasdaq 100 (Nasdaq 100) and Dow Jones Industrial Average ended yesterday with a decrease in 1% of each. In the energy markets, oil prices continued to rise after jumping by more than 3% in the previous session, as Brent ruol rose near the $ 63 level, while the West Texas were overwhelmed near $ 60.
The Saudi
