The Saudi Stock Exchange Index in a way to register the first monthly profits since January

The Saudi Stock Market Index “Tassi” ended today’s session, up 1.2%, and continued its profits for the fifth consecutive session, to close above the level of 11200 points. The index received support from the rise of the shares of Al -Rajhi Bank, and the Bank of Riyadh, and the Etisalat Union (Mobily). While most compressor Aramco, STC and Saudi electricity were. The shares of the Medical Company for Specialization (SMC) also recorded a fall in its third session in the market and lost about 8% of its value compared to the offering price. With only one session remaining at the end of June 2025, the index is on its way to take up its first monthly increase after four consecutive months of haven, during which he lost 1425 points, to compensate about 15% of its losses in June. Ahmed Al -Rasheed, the first financial analyst in the newspaper “Al -iqtisadiah”, indicated in a meeting with “AL -SHARQ” that the market started with positive movements, and the index reached its highest level in more than a month, indicating that expectations could reach the level of 11400 points. He added that the performance of the market during this week is expected to be good in general, with the possibility of registering some stability sessions, and emphasizes that the continuity of the increase will be largely dependent on the results of companies for the second quarter, in addition to the development of the trade war and customs fees. For his part, Financial Analyst Asim Mansour Said, in an interview with “Al -Sharq”, that the rise of the market came as a result of the contracted external and internal factors, noting that external factors contributed to improving public morale, but the internal factors played a pivotal role, foremost of the Growth of the Economy and the Rise in Foreign Investment Flows, as well as the declin in unemployment rates, which strengthened confidence in the saudi economy and reflect positively about the performance of the market. According to Youssef Youssef, the financial analyst and lecturer in financing and investment, what is asked optimism is the success of the index in the end of last week in the closure above the level of 11,000 points, which is an important psychological level, especially because he could not maintain it during the current month. He pointed out that one of the good indicators is also the increase in trading volumes, as the average trading values ​​rose by 1.6% compared to the previous week. Prior to the start of the trading, economic indicators seen that positive numbers were announced, as foreign investment flow entered during the first quarter of 2025 Saudi Arabia, recorded approximately 24 billion Riyals (about $ 6.4 billion), with an annual increase of 24%. On the other hand, the outflow amounts to 1.8 billion Riyals to reach the net foreign investment, according to the data of the General Authority for Statistics. The unemployment rate under Saudi also dropped to an unprecedented level of 6.3% by the end of the first quarter, which is the lowest rate recorded since the start of the work of the workforce, according to the quarterly Bulletin, which was also issued by the statistics authority today.