The Saudi Inventory Index takes off after the fourth session in a row

Today, the Saudi Stock Exchange Index continued its decline in the fourth session in a row today, with the eyes of traders turning to the global economic image to change the factors that can change the market path during the upcoming period, to the end of the season of the quarterly results of the listed companies. The “Tassi” index terminated today’s session below the level of 10800 points, a decrease of 0.2%, due to the decline in various leadership sectors, led by banks, with a decrease in the arrow of “Al -Rajhi Bank” and “Al -Hy Bank”, in addition to “Sabic” of the leadership, while Aqua Power Rose and Aramco’s has established significant change. Mary Salem, the financial analyst in “Al Sharq”, says that the poor performance of Saudi shares is the result of the absence of incentives away from the results, and notes that the market needs the government’s support that restores confidence to investors. Salem added that the weakness was not related to the basics of companies, but rather the value of trade that reached 4 billion Riyals today; “Because poor liquidity creates fragility in the market, which currently affects the index.” For his part, the Mansour’s financial analyst meeting believes that the decline in trade values “is not accompanied by a strong sale. The index is relatively stable, suggesting that the markets may be in a state of anticipation and caution for many external factors before being stationed again.” Within days, he pointed out the anticipation of the meeting of US President Donald Trump and Russian Vladimir Putin in ‘Alaska’, who could see the decisions of global oil prices. The interest rates are a major influence, Ahmed Al -Brashid, the first financial analyst in the newspaper “Al -iqtisadiah”, believes that the most important important factor in the market is now the interest rate expectations that will “undoubtedly push when they are high as a result of the high debt of companies, as well as the attraction of others.” Investors see a possibility of about 85% that the Federal Reserve reduces the US interest rate by a quarter point in September, based on the scores associated with the dates of monetary policy meetings. JP Morgan expected to lower interest rates by 25 basis points in each of its next four meetings, bringing the interest rate to 3.5%. But the basic inflation numbers are above today and since February the federal may be to keep the benefit for another month unchanged.