The Saudi Stock Exchange is breathtaking with support from all sectors

The Saudi Stock Exchange picked up today, Wednesday, with almost all sectors of the market, amid improving stock returns, after being subjected to ongoing downward pressure over the past two weeks. The “Tassi” index increased by 1.2%, which exceeded the level of 11 thousand points, driven by the increase in all leadership shares in the market, especially the ‘Al -Rajhi Bank’ share, but Aqua Power shares have violated the direction. Trading values ​​are still low at 4.6 billion Riyals, compared to about 5.1 billion in the last session. Today’s profits are normal from the point of view of analysts after the market was subjected to a strong sale yesterday, which strengthened the falling direction of the market for the fourth month in a row and forced it to record the lowest closing level since November 2023, which led to improved shares and profitability returns. Mary Salem, the financial analyst of “Al Sharq”, believes that “the corrections are generally one of the instruments contributing to the market balance and the re -evaluation of assets”, but what the Saudi market has seen in the recent period is an exaggeration in the sale of moral motifs that are not based on the basic principles of the market. The subscriptions withdraw the liquidity, although the market benefits from a momentum in the initial public proposals aimed at diversifying the sectors, as the shares of 6 new companies have been included in different sectors since the beginning of 2025, these subscriptions are especially pressure on liquidity, as some investors prefer to keep criticizing the newcomers. Ikrami Abdullah, the chief financial analyst in the newspaper “Al -iqtisadiah”, believes that transactions in the market, especially liquidity, are also influenced by the Eid al -Aadha holiday approach, as well as the presence of attractive returns out of the market in the sugar and bank deposits with the continued high interest rate. The newcomer “United Cartoon Industries” fell 4.87% to run the second sessions at 46.85 Riyals, without achieving the initial price, without the initial presentation of the second sessions, without the price of the offer after his rise at the beginning of the trading. This lukewarm performance differs from the usual performance recently from the newly raised shares that have increased in the first sessions of its circulation, such as ‘Nice One’. Ashraf Jarrar, the International Asset Management Mediator at the United Stock, attributed the arrow to the ‘timing of inclusion’ amid the pressure to which the market was recently exposed, as well as before the Eid al -Aadha holiday, which leads investors to maintain liquidity. He said during an intervention with “Al -Sharq” that “investors have begun to wait for the stability of the market” and that “the holiday (Eid al -Aadha) is long and we do not know which news can be released during the world level.” The beginning of the “Flynas” subscription begins today with the subscription of individuals in the “Flynas” presentation, the first offer in the aviation sector in the Saudi Market, which was witness to a major question of the institutions of the institutions that were more than 100 times the size of the offer. Individuals are subscribed on the first June. Abdullah expects the newspaper “Al -iqtisadiya” to see a good claim, especially as “the company’s shares are increased by a repeated operation of about 13 times, which is almost the same average rate with the airlines listed in the region.”