The Saudi Stock Exchange withdraws back to the third session in a row

The most important Saudi stock market index closed 1% at the end of the trade today, continuing the decline in the third consecutive session. The retreat is mainly star under the pressure of the arrows of “Aramco” and “Al -Rajhi”, the largest on the “Tassi” index, and the arrow of the “Al -Marai” business, which was closed at the lowest level since May 2020. The war in Ukraine and increases the offer of RU. This is the seventh decline in eight days, while gold has fallen, and future contracts for US and European stock indicators have risen. Ahmed Al -Rasheed, the first financial analyst in the newspaper “Al -iqtisadiah”, said in an interview with “Al -Sharq” that it is the last day in the deadline for announcing the financial results for the second quarter 2025, indicating that the total profit of the listed companies dropped 16%. He also explained that the most prominent negative influences on the collected profits come from the losses of the companies “Sabic”, “Petrorabag” and “Flynas”, and although the profitability rate in the market is still good, the index has not yet seen a positive move, perhaps due to the absence of new supporting incentives. He added that the market is still coherent, leaving the field open for the return of the index to rise in the coming days in the event of improved data, especially US interest rates. The continued pressure on “Tassi” on his part, the financial analyst in “Al -Sharq”, Mohamed Adel, explained that the shares of companies and the general indicator do not cooperate positively with the financial results, as the pressure continues on “Tassi”, although it is a return of 11 thousand points since February, despite the highlight of the year, despite Highlight of February. Some leadership shares like Aramco. Analysts believe that the market is stable above 10,800 points in preparation for apostasy. The “Flynas” share rose by about 3.5% after the session opened a 2.8% drop, after the company announced that it had incurred losses of 862 million rows in the second quarter of 2025, which is the first season in which its results have been announced since its inclusion. In an interview with Al -Sharq, CEO of “Bandar Air”, Bandar Al -Muhanna, said that the subscription expenses affecting the profits were circumstantial and accounting, and that it would not affect the rights of shareholders and distributions, nor the results of the company in the second half. On the other hand, the share of the “MBC” group has deepened its losses by the end of the day to more than 4%, after announcing the 38% wins annually.