The Saudi Stock Exchange Restore from its lowest levels in about one and a half years

The Saudi -“Tassi” index recovered from its lowest levels in about a half and a half years, after US President Donald Trump expanded the deadline of its customs duties on the European Union, which strengthened the demand for risk in the markets and led to the stability of oil prices. “Tassi” rose 0.3% in the first minutes of Monday’s session to return above the 11 thousand points level, with the rise of the shares of “Aramco”, “Aqua Power”, “Al -Rajhi Bank”, “Alinma Bank” and “Saudi Arabia for Electricity”. The general market index closed at 10999 points yesterday, which scored the lowest level since November 2023, with the decline in all sectors of the market, amid poor trade values ​​that did not exceed 3.4 billion Riyals. Mary Salem, the financial analyst of “Al -Sharq”, attributes the ongoing liquidity in the market to warn investors and be reluctant to the risks, “awaits the public image, whether economic or geopolytic, so they can return to take positions.” Salem added that “Companies News can be a driver at the moment, but for the shares of the businesses concerned, not for the sector or the market as a whole.” Attractive returns on his part, see Ikrami Abdullah, the chief financial analyst in the newspaper Al -iqtisadiah, that Trump’s commercial policy affects morale in the market, as well as attractive returns beyond the stock market – especially as high interest rates – which attract stock market investors. During an intervention with “Al -Sharq”, Ikrami said: “The revenue of the Sukuk recently offered from the leadership companies, and banks reached 6.5%, and the Sipur rate for the interest among Saudi banks is about 5.4%, which is a high rate compared to the return on the shares of 4%.” Abdullah added that “Trump’s return in recent days to threaten customs duties on Europe by 50% is the pressure on the market in two ways, firstly: by low oil prices, affecting Aramco and the Saudi market, and the other side is that it announced it differently from Trump to express the customs with 50% of the European Union. Markets this morning as well as contracts for US and European stock indicators.