The Saudi Market is on the threshold of the biggest weekly profits since 2017

The Saudi Stock Market is working after a registration of the highest weekly rise in about 8 years, with the direction of its most important index to rise by more than 8%, driven by the optimism of investors over an expected decision to increase the boundaries of foreigners’ ownership in the listed companies. The “Tassi” index opened today with an increase of more than 2%, to continue its profits for seven consecutive sessions, which exceeded the barrier of 11660 points, supported by a jump, which is the highest in five years in the session yesterday, the market value of an investment of an investment of 10 billion in the event of the Raisping of the CEME, Investment of an investment of $ 10 billion in the RA -Rais meeting. of foreign ownership in businesses. Tassi will also climb to the second week in a row. At the broader economic level, the Saudi trade surplus for growth in July returned for the first time in about three years, powered by raising non -oil exports and export of record levels, as well as falling imports, while oil exports dropped slightly. “Al -Rajhi Bank” supports profits and improves the appetite of investors, Majed Al -khaldi, a first financial analyst in the newspaper “Al -iqtisadiya”, who believes the profits will continue in the contemporary session with the support of the “Al -Rajhi bank”, the appetite of investment after a period of the period. But he was of the opinion that these heights are somewhat exaggerated, compared to the net profits of the listed companies, according to a meeting with “Al -Sharq”. The banks and energy sectors are one of the most prominent beneficiaries, Hisham Al -Jayas, the chief financial analyst in Al -Sharq today, said at the beginning of the session at the beginning of the session to the level of 11661 points before it dropped in a description in the form of ‘humble’, emphasizing that the appearance of the corrective is normal. He explained that the decision to increase the upper boundary of ownership of foreigners is a strategic decision that is not influenced by fluctuations, and its effect will be extended for long periods, and it is, of course, that some fluctuations are accompanied by it. As for the artistic image of the index, he pointed out that the market had entered the height of the height, as the index exceeded yesterday’s session’s average of 50 days and closed above the average of 100 days, as this morning an average of 200 days had penetrated a level that had not been hacked since last March. He added that the index did not decline without the slightest level of its record in yesterday’s session at 11 thousand points, maintaining this psychological support is very positive for the next phase after September, with additional support levels at 10800 and 10950 points representing a second line. Read more: Saudi Arabia is on its way to provide majority shares in the businesses listed at the same time to foreigners. Ghassan Al -zakir, CEO of the “Financial Standard” business, sees that the tendency to increase the boundaries of foreigners reflects an interest in the strategic investor and makes the Saudi market more attractive compared to other emerging markets. Regarding Fadi Arabid, the founding partner of ‘Money Capital’, he excluded the arrival of foreign ownership up to 100% due to the government’s dominance and semi -government agencies, but he expected during a meeting with ‘Al Sharq’ that the increase of the percentage would contribute to the weight of the Saudi market with the “MSCI -Dollar, with a greater advantage, and Foreign flastes that are abroad have supplemented the foreign flasts.