The Saudi Stock Market has jumped in the highest rate since the pandem

The Saudi stock market jumped at the beginning of the trading today, Wednesday, thanks to positive reports on the possibility of the flow of investments by about $ 10 billion on the market, as the Kingdom increases the ceiling of foreign ownership of expected companies expected. The most important Tasi index has risen in the trading of the third week of the week 5% to record the best daily pace since March 10, 2020 since the corona pandemic, to continue with a series of profits for the sixth session in a row, while most bank shares have risen to the maximum, including “Al -Rajhi Bank” and ” form. Trading values ​​have also increased and increased exceptionally and exceeded 3 billion Riyals in the main market. The index has been traded at the highest level since May 20. Abdulaziz Abdul Mohsen bin Hassan, a member of the Council of Directors of the Capital Market Authority, revealed on Monday, the National Day of the Kingdom, which was a holiday on the stock exchange, that the government is near the approval of a major amendment that increases the ceiling of foreign ownership in the list of enterprises, which is currently 49%. He recently added in an interview with “Bloomberg”: “I think we are almost ready,” and expect the decision to enter the implementation “before the end of the year.” The Saudi Stock Exchange is above an important technical level. According to the financial analyst of the East Mohamed nobility, the index was spread above an important important technical level at 10800 points, and the index closed this level during the last two sessions. Majed Al -khaldi, a first financial analyst in the economic newspaper, said in an interview with ‘Al -Sharq’ that the news of foreigners’ ownership is the most important and will motivate the market, which indicates that optimism is clear. He added that JP Morgan’s expectations to attract $ 10.6 billion, while adjusting the ownership rate of more than 49% for foreigners, exceeding the net foreign flow that the market was during the year 2023 and 2024 societies. Oil prices still earn their profits in global markets, oil prices have expanded their profits to jump to the highest level in a week, after US President Donald Trump expanded his accent to Russia, while transactions await any possible disturbances in supplies of a member of the OPEC+coalition. Brent -Ruolat took off $ 68 a barrel on Tuesday, while the Western Texas -Tussentage rough near $ 64 was completed. Trump said he believed that NATO countries should decrease Russian aircraft if their atmosphere was violated, because he was more likely to sympathize with the Russian energy purchases of Ukraine.