Advertising of the financial results that exceeded the expectations of the ‘advanced petrochemical’ and ‘jarir marketing enterprises’ could not end the Gulf of the General Index of the Saudi Stock Market, which closed the fifth consecutive session, amid anticipation in the market for the results of major businesses as well as worldwide development results. The “Tassi” index fell 0.35% at the end of Monday’s trading at 11213 points, influenced by the decline in most sectors by driving energy, banks and communication. Nevertheless, most of the leadership shares, such as “Al -Rajhi Bank”, “Aqua Power”, “Sabic” and “The Saudi National Bank”, have increased in exchange for the fall in the price of “Aramco”, despite high oil prices. Brent Mix Price rose by about 1.6% to about $ 71.5 a barrel during today’s trade, amid the anticipation of the market to impose new US sanctions on Russian oil, companies and countries dealing with it. Financial analyst Youssef Youssef considered “Al -Sharq” during a meeting that this increase “is a moment”, and it is not based on the basic factors represented in supply and demand, and therefore he did not affect the shares of the energy sector. “Aqua Power share, which has seen large fluctuations that coincide with the presentation of priority rights over the past few sessions, has benefited from the announcement of the signing of energy purchase agreements with 31 billion Riyals investments with a coalition led by the company.” The most important feature of the market is the anticipation of many events, whether internally, such as the financial results, cannot break the level of 11300 points and energy. “The” advanced “shares reduce its morning gain, reducing the” advanced “morning gains, which was more than 1% to close only 0.3%, after the company announced a leap of more than 95% in its net profits in the second quarter of the year. 33 million Riy loss Advands during the same quarter of last year, which strengthened the profits.
The Saudi Stock Exchange drops to the fifth session despite the positive results of companies
