Saudi shares start September to a decline in anticipation of the US interest decision

The Saudi stock market started the first September sessions with the ongoing distribution of sales pressure, and in collaboration with analysts’ expectations for continuing the anticipation, pending the decision to lower the US interest rates near the middle of this month. Today, Monday, the most important Tasi index closed 0.25% to 10670 points, under pressure from the decline in leadership stocks, led by “Aramco”, “Al -Rajhi Bank”, “Arab Bank” and “Saudi Fransi”. The market incurred a sixth monthly loss in August to inspect more than 2%, but the growing chances of lowering interest rates are expected to provide support to the market, which is strengthened by the investment’s attraction in return for fixed revenue instruments. Continuous sales pressure, Ahmed Al -Rashid, the first financial analyst in the newspaper “Al -iqtisadiah”, sees a continuation of the retreating trend of the market, especially in light of the trade without the averages, specifically the monthly average, which makes the pressure greater on the performance of the stock exchange. He added in an interview with “Al -Sharq”: “The market did not exceed the average performance during different periods, and it does not give a sign of a positive momentum of the market, and does not encourage the activity of the short -term traders in the market … which keeps the continuous sales pressure.” A positive impact on Aramco, Ibrahim al -Hindi, the economic researcher at the Arab Market Research Center, believes that the performance in September will see a state of fluctuation, which is usually characterized by the trade during this month, and will also await the decision of the US interest to reduce the US interest in the US interest. In an interview with “Al -Sharq”, Al -Hindi expected the interest to reduce a major positive impact on the leadership “Aramco” arrow as it will rise the stock return to the market price, which can attract new liquidity for the energy sector. He added, “But to the issuance of the US central decision, there will be caution in the cross market areas fluctuation … He warned in building centers in shares with a good return and the tempting price such as the banking sector or the energy sector.” Al -Hindi attributes the decline in leadership shares in the market during the last period when a decline in the return on the “Aramco” arrow, and he pointed out that the scarcity of the liquidity in the banking sector led to the price of some shares, despite the positive results of the sector. “Most of the market sectors have decreased … there are geopolitical and economic factors, including anticipation of the effects of customs duties in the United States, and the implications of imposing fees on India. These factors are pressure on the markets, including the Saudi market,” he added. A positive average for the performance of September, except for 2022, historical, Hisham al -Yas, the chief analyst of the “Al -Sharq” statistics “Bloomberg” of the Tassi index during the past five years, showing a decline in the average performance of September by about 0.8%, and explains that the performance of this period was in the month, and took.