The Saudi Market has the biggest loss in a month and a half amid a collective decline

The red color dominated the indicators of the Saudi stock market today, Wednesday, with great pressure from “Al -Rajhi Bank” and “Aqua Power”, amid constant weakness in trade values ​​with the approaching Eid al -Aadha holiday. The “Tassi” index closed 1.2% at 11303 points, scoring the largest daily loss in about 6 weeks, with all leadership shares, while the 4.4 billion Riyals trade values ​​continued twice at the end of today’s session. “The index was supported by these levels at the beginning of this month. We will monitor the session of tomorrow if the index breaks the level of 11300 points of downwardness, it may be a sign of a fall, but it will not take a long time while it would be a positive trade in the next week,” said Ahmed Al -Brashid, the First Financial Analance in the ‘Economic Gazette’, Ahmed Al -Rashid, the first financial analysis in the an east. The increase in the capital of “Aqua Power” coincides with the decline in the stock of “Aqua Power” with the approval of the Capital Market Authority for the company’s request to increase its capital by 7.12 billion Riyals by offering priority rights. The company said raising the capital aims to support its expansion plans and the purpose of doubling its business three times by 2030. Nishit Lakhotia, head of the research department at Sico Bank, believes that the company’s decline in more than 4% today is the result of a negative interaction with this increase, as investors fear that it will affect the evaluation of shares. During an interview with “Al -Sharq”, he told Akhotia: “The bonus on the share is great compared to other facility companies in the world. The version is logical from the company’s perspective because it will raise money with attractive reviews, but for other investors there is fear of affecting the stock.” In the global markets, this achievement comes amid the variation of global markets; As oil prices rose after a report published by the “CNN” network reported that new US intelligence information indicated that Israel was preparing for the possibility of a strike on Iranian core institutions. The price of ‘Brent’ crude oil rose to over $ 66 a barrel, while the Rubol “West Texas” jumped, over $ 63 a barrel. In stock markets, Chinese stocks have risen and indicators have decreased in Japan after a slight decline in Wall Street yesterday, as the S&P 500 (S&P 500) fell by 0.4%. The Nasdaq 100 (Nasdaq 100) index fell 0.4%. The industrial average of Dow Jones fell 0.3%.