The Saudi Market Index (Tassi) is still moving in a narrow series near the 10,900 points level, reflecting a condition of caution among traders. The index began Tuesday’s trading, with a slight decline, with the most leadership shares, with the exception of the “National Bank” share, which rose 0.5%. BLME Capital CEO Thamer Al -SAEED said the market performance seems prepared for improving the short and medium term after it has lost more than 10% since the beginning of the year. He added: “I think that the steady narrow scope of the market over the past few weeks has some improvement in the liquidity, even if it is minor, and the market has formed a narrow price base in which the shares are expected to begin. The implementation of the MSCI review will begin to conclude the” Saudi Industrial Investment session ” Standard index, to the small capital index. Investors are waiting for these reviews to turn their investments according to the changes that take place in stock rankings. “But he warned that reducing classifications could affect the position of the Saudi market as a whole on the index, which includes about 26 countries, adding:” It is important for the Saudi market to maintain its position between the five highest on the index, so that it is the share of the lialidity in the case of foreign investors. “” Saudi Research and Media “group jumped 6.19% to 178.3 Riyals, to overcome the list of higher shares in the market, an hour after the start of the session, and at the same time the largest daily profits in about 8 weeks. Influential factors this week expected the Saudi Central Bank to issue its performance on the performance of Soedi -Khaldi, the first financial analyst in the newspaper “Al -iqtisadiah”, sees that it can support the banks’ shares if it reveals the ongoing positive performance.
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