The most important Saudi stock market index reflects its declining direction that the session started as it returned on the middle of the session to take up a 0.3%increase, with more than 10600 points. The index began trading of Thursday, a decrease of 0.4% to 10547 points, influenced by the pressure of the arrows of “Saudi Aramco” and “Al -Rajhi Bank”. However, the losses of the indicator were partially reduced thanks to the positive performance of both “Sira Holding” and “Aqua Power”. Majid Al -khalidi, the first financial analyst in the newspaper “Al -iqtisadiah”, said in an interview with “Al -Sharq” that today’s trade is an expansion of the market situation in the previous two sessions, with the decline in the decline. He added that the arrival of many leadership shares to attractive evaluation levels, in terms of profitability and distribution income, limits the intensity of declines. The return on the market distributions is currently 4%, higher than the last ten years of 3.2%, which is an extra support component for the upcoming period. Airlines shares establish the price of the offer in its second sessions, “Nass Air” shares rose at the beginning of its second sessions in the market to trade the price of 80 Riyals per share. Al -khalidi explained that the evaluation of “Flynas” is based on the announced expansion plans, but that the challenges of the aviation sector worldwide cannot be overlooked, especially in the light of geopolitical tension and the high operating costs of the aviation sector. He pointed out that these factors could affect the profitability of the business in the short term, which clearly reflects the stock trading during the first presentation session. In an interview with “Al -Sharq”, Mohamed Al -Maimouni, a financial adviser of the Arab trader, said: “A state of anxiety prevails among foreign investors and local traders, leading to a clear sales pressure. Since May, the Saudi market has moved into a falling path to the average of 10800 and the average of 10600, as well as average and the average of the average of the average and the average of the average of the points, which broke the points of the points, and later ended the points of 10600. 10,000 points, unless the support area is broken at 10429 points, and it is that the market has carried before. “
The Saudi Market Index rises 0.3% in the middle of the session
