The Saudi Stock Exchange continues until the beginning of the week's sessions

The most important Saudi Stock Market Index “Tassi” started on Sunday session, up 0.1% to reach the level of 10790 points, with the support of the rise of leadership shares: Aramco, Minerals, Aqua Power and STC. The increase in the event that trade continues today will be the fourth session in a row, after the Saudi stock exchange has benefited from the lowering of interest rates, so its institutions showed a remarkable refusal during the last three sessions of last week, by 3.1%. The average value of daily trading during the week also rose 94%to about 6.94 billion Riyals. The market has begun to get rid of the pressure, “the market will see a continuation of the profits this week.” Majid Al -khaldi, a first financial analyst for the ‘economic’ newspaper, also sees in an interview with ‘Al -Sharq’, and note that the stability of the general index above the 10600 points level is an important factor to continue the positive momentum. Al -khaldi explained that the profits of the “Tassi” index have come up with the support of the rise of Aramco’s share this past week, which achieved the best weekly performance in the past two years, in addition to the banking sector, especially banks dependent on the services of individuals such as Al -Rajhhhemical sector, which is submitted from the breakdown, pasture, pasture, pasture. Interest rates. Mohamed Al -Maimouni, an analyst of the financial market in the ‘Arab trader’, said during a meeting with ‘Al -Sharq’ that the reduction in interest rates, in addition to expectations by two extra reductions during the current year, had a positive impact on the market, which raised the index to exceed the levels of 10750 points. He added that if the index managed to penetrate the level of 10800 points and stability over it, the next target will be at the level of 11,000 points this week, unless unexpected developments or events can affect the market performance. In turn, the financial analyst in “Al Sharq” Mary Salem suggested that the Saudi market follows the same upward path that has seen the rest of the Golf financial markets, which coincides with the evaluation of the expected results of companies for the third quarter. However, the last chapter of the year is the most important determination of the market direction. While the financial analyst in “Al Sharq”, Mohamed Zidan, believes that the market has been starting to get rid of the pressure it has recently been exposed to improving morale, and the index has reached attractive levels of institution investments. Global Stocks ended the week’s trading at record levels, as the “Standard & Poor’s 500” index increased by 0.5%, while the “Nasdaq 100” index recorded 0.7%.