The Saudi Stock Market awaits new indications with the launch of a busy week

We are awaiting several occasions in the Saudi stock market during this week, starting with the movements of its index, which is trying to affect the most important resistance level, through the results of the business that started with the season last week, along with the initial proposals that their activities could continue this year with the start of the announcement of new businesses to offer their shares. The main index “Tassi” continues this week with its efforts to re -test the level of 12200 points after it was captured in a narrow series this past week and ended it without change without 12100 points. Over the past year, the Saudi stock market has not received more than three consecutive weeks, but the purchasing power has begun to be active in the market at the beginning of the year near the levels of 12 thousand points, which led to some kind of cohesion, according to what Ahmed Al -Brashid, the first financial analyst in Al -Eqtisadiah, said during an interview with ‘Al -harq. “The current week will give a clear view of the market behavior during the new year; or whether it is similar to 2024 in terms of the inability to rise longer than three consecutive weeks, whether there will be a change in this behavior due to positive expectations for the new year,” according to Al -Brashid. Al -Rajhi Financial expected the most important Saudi market index this year to achieve profits of up to 6% and reach the level of 12882 points, but all -ragged mortgage loans with the financial results of companies in the upcoming quarters and the attraction of shares in exchange for other investment alternatives, especially after the latest federal reserve. The improvement of the trading values ​​last week saw an improvement in the trade values ​​with the return of foreign investors from holidays, in addition to the momentum related to the start of the trading of “Al -Mousa Health” and “Nice One Bohyti”. The value of trade on Thursday amounts to about 7.5 billion Riyals. The performance of the two most recent shares in the main market in Saudi Arabia varied as the ‘Al -Mousa Health’ share rose 4.7% during the week, which ended the trading at 133 Riyals, while the share of ‘Nice One Pioti’ jumped 40% in the trading sessions since the inclusion of the week. Al -Rasheed said that the ‘Al -Mousa Health’ share was almost at the same price, so ‘will not move away from the price of the offer, while the share of Nice One does not continue to rise in the second sessions that spread it, which reflects that the apartment of the price of the market is not high. By incorporating the rise in fuel prices and at the levels of the sectors, the agency “S&B Global” on Thursday expected that the major industrial enterprises in the kingdom could absorb the high fuel prices with no significant impact on their profits, and expect the increase in production costs to be “and their trust in the credit rating of the business of a ‘sabic’ express. “Saudi Aramco” raised diesel prices by 44% on the first day of the year to 1.66 Riyals per liter, after it was increased by 53% to 1.15 riyal per liter at the beginning of last year. This has raised expectations that the financial results of industrial enterprises in the kingdom are affected, due to the pressure of high costs, which can reach the cement sector – according to the estimates of some companies – to about 10%. Regarding the petrochemical sector, Al -Rajhi Financial said the sector could see more profits erosion due to the challenges facing the sector, especially as the prices of producers in China – the largest consumer in the world – were continued in the shrinkage area at 2.3%. The ‘Fourth Mills’ shareholders are also awaiting at the end of this week, the extraordinary general meeting, which will be considered in the amendment of the company’s statutes with the aim of expanding the manufacture of new food products, which expand from the company markets. The company’s shares scored a slight decline on Thursday to close at 3.99 Riyals. The continued momentum of the subscriptions this year is entering the boom of primary public subscriptions in Saudi Arabia, its third year in a row, after last year, it reached the seventh strongest worldwide in terms of the outcome of the proposals amid a momentum led by government and private enterprises. The Saudi credit business, supported by the Public Investment Fund, and an Emirati business, chose the ‘city group’ and ‘AL -Hly’s financial’ institutions to implement a possible initial public offer in Riyadh, according to people familiar with the case. Make more final decisions, and details such as size and accurate grid for deduction are still discussed. Emergence. January 14, the general vote on the ‘Al -Baha Investment and Development’ over the amendment of the Statute and the election of members of the Board of Directors. January 14, “inaam Holding”, increases the nominal value of the share of 50 Halalas to 10 Riyals without a change in the capital. January 15, “Midgul Insurance”, the amendment of the judging regulation and the company’s statutes. On January 15, public vote for the capital takes a ‘Makkah reconstruction and development’ for the capital by 21.3% to two billion Riyals. January 16 The general elected members of the Board of Directors have the ‘Riyadh Cables’. January 16 discusses the generals ‘Fourth Mills’ which edits the statute.