The Saudi Market records a second weekly loss, despite the end of a drop of 8 sessions

The most important Saudi stock market index closed the last days of the week, with 0.3%, ending a series of declines that lasted eight consecutive sessions. This increase came with the support of the increase in leadership shares, as the share of Al -Rajhi Bank exports the profits by 1.7%, which achieved the largest daily increase in IT since last July 29, followed by Aramco’s share by 0.21%, and then Akabawar shares with a 1.2%increase. At the weekly level, the market losses scored 0.8%for the second week in succession, which coincides with the fall in the values ​​of weekly trading to 17.9 billion Riyals, which is the lowest level in 12 weeks, specifically since mid -2025. The decrease in the number of jobs available in the United States has also contributed The yields of US treasury bonds, which generally supported the performance of the markets. On the other hand, oil prices dropped for the second day, as the price of Brent rough to the level of $ 67.04 a barrel dropped, amid reports indicating the possibility of the “OPEC+” coalition in the increasing production at the upcoming meeting at the end of the week, which increased the pressure on prices. Nevertheless, the shares of Aramco were coherent during the session. A positive appearance is reported that the General Index of the Saudi Stock Market recorded a decline in yesterday’s session, for the eighth consecutive session, amid trade characterized by poor liquidity. Nevertheless, analysts were optimistic about the future performance of the market. Ahmed Al -Rasheed, the first financial analyst in the newspaper “Al -iqtisadiya”, pointed out in his interview with “Al -Sharq” that the series has rarely exceeded more than nine sessions since 2012, pointing out that the number of companies that increased the pace of the reflection yesterday. Al -Rasheed added that the increase in the market is expected, as it appears in yesterday’s session clear indications of a positive approach. He pointed out that there is an attempt to conjame the market at current levels as it closed the index at 10656 points. He has hinted that there are important US economic statements related to the labor and unemployment market, which will have a direct impact on monetary policy decisions in the United States. Ikrami Abdullah, the chief financial analyst in the newspaper “Al -iqtisadiah”, in an interview with “Al -Sharq”, writes the decline in the price of the banking sector to the prevailing anticipation of the reduction of interest rates, which is expected to push the bank profit. He also pointed out that the Central Bank data showed a slowdown in the lending and a decrease in the Sipur compared to the corresponding period, which negatively affected the gains of the sector in July to record the lowest growth in 16 months, which prints factors that print the performance of the banking sector.