The Saudi Market closes stable amid the anticipation of the results of Aramco's business

The Saudi Stock Market Index closed stable, after the session began with a drop of about 1%, while investors were selectively interacting with another package of corporate affairs results. The stock exchange received support from the rise of ‘Aqua Power’ share by 3.1% after falling in the previous two sessions, in addition to the rise of the ‘Al -Rajhi Bank’ share, which compensated for its full losses. On the other hand, the shares of Aramco fell 0.4% for the second consecutive session, with clients expecting Saudi oil giant to announce its results on Tuesday morning. The index closed on Monday and fell 0.8% at the largest daily decline in 8 sessions, which were influenced by quarterly results without the analysts’ expectations for “Aqua Power” and “Sabic”. At the level of companies’ results, Edis holding shares rose 4.7% despite its 5% profits annually in the second quarter 2025, after announcing the distribution of cash dividends for the first half by 0.21 Riyals per share. The “Cooperative Insurance” share rose 0.8% after announcing its profits in the same quarter year -on -year. Ahmed Al -Rasheed, the first financial analyst in the newspaper “Al -iqtisadiah”, said in an interview with “Al -Sharq” that the market shows a clear cohesion at the support level of 10700 points, indicating that the return of activity at this level increases expectations of continuing cohesion. The results dominate the market, Ikrami Abdullah, the chief financial analyst of the newspaper “Al -iqtisadiah”, said in an interview with “Al -Sharq” that the results of the business’s business for the second quarter still dominate the movement of the market, which is announced after the state of “Aramco”. He added that the pressure to which the market was exposed in the recent period is due to the results of some companies that have come without expectations, the most important petrochemical enterprises, mainly “Sabies”. He added that the results of the cement companies have also become largely disappointing, especially in light of the sector that benefits from the most important projects implemented in the Kingdom, but the companies have recorded a decline in profits, which attributed it to a decrease in the prices of the sale of the sale, which is reflected in share prices and companies. Nevertheless, Abdullah believes that some sectors have done well, including banks, communications and healthcare, in which some of the companies have announced a good results, given their benefit from the local economy. Abdullah expected, “blending during the upcoming period in the light of half of the companies did not disclose the results of their businesses, pointing out that the total profits of the listed Saudi companies that announced their results so far dropped about 7% as a result of the losses recorded by ‘Sabic’.