The profit processes are expected to continue to control the Saudi market transactions during the contemporary trading for the second session in a row, after the major heights the bank shares saw last week and the “Tassi” index led to the level of 12100 points. “Nothing has changed in the basics of the positive economy, but the interaction of stocks has not been proportional since the last chapter of last year, and we are awaiting strong possibilities for liquidity to end the current accidental movement,” according to Marie Salem, the financial analyst of “Al Sharq”. Last week, there were the processes of almost two months in the behavior of the traders, as Saudi institutions recovered the positions in the shares with net purchases of 1.2 billion Riyal, compared to picking profits by individual traders with almost the same value. “Aramco” and Saudi banks are the key to changing direction. The market will monitor the performance of banks, especially the “Al -Rajhi Bank”, after it led to the “Tasi” index falling 0.3%yesterday. The market will also wait for the return of foreign traders, which may be positive on the “Aramco” share after the recent highlights in the price of oil. Salem expects the market to move between 11,800 points and 12400 points in a cross range in the short term, but it will remain hostage for this series, as a state of anticipation controls all world markets, pending the inauguration of ‘Donald Trump’ as president of the United States. Ahmed Al -Rasheed, the first analyst of the newspaper “Al -iqtisadiya”, confirms this view, as the profit operations are expected to be under pressure on the performance of market indicators to the levels of 11,900 points before returning the heights. “Improving oil prices and the expectations to continue its rise, as well as the strong data for the growth of the banking sector, will support the emergence of the market in the short term,” according to Al -Rasheed. Saudi finances accept the loan plan for the year 2025, and several sectors can respond to the Kingdom’s acceptance of the annual loan plan for the financial year 2025, with an estimate of the amount of financing needs at 139 billion Riyals, which has been above 61% over the past year. Saudi Finance Minister Mohammed Al -Jadan said during an interview with ‘Al -Sharq’ last November: ‘We see that expenses can be expanded, and this is included in the budgets of the next three years. Although the deficit will extend between 100 to 140 billion riyal annually, the return on the economy is greater than the cost of borrowing to cover this deficit. ‘ The market response to the loan plan can have a positive impact on the sectors of tourism, real estate, construction and facilities, which will be at the head of the beneficiaries of expansion of spending. The banks will also be on the radar of clients as an important financier of the expansion operations. Al -Arabiya Al -Old prepares him for public subscription. Al -Arabiya former Company intends to offer its shares for subscription during the current year, according to Omar Al -Jasser, CEO of the Al -iqtisadia newspaper company. In the first reaction after the news was published, the shares of “Al -Majid Al -Majid” rose by more than 3.3% to the highest level in 12 weeks. Al -Jasser said that the size of the perfume market in Saudi Arabia is estimated at about 8 billion riyal annually, and it is estimated that it achieves a complicated 8% growth in the next five years. On the other hand, the market will wait for the announcement of the start of the inclusion and trading of the shares of “Al -Mousa Health” and “Nice One” after the subscription residue was returned and the shares allocated to individual subscribers.
The Saudi Market awaits liquidity stimulations
