The Saudi Stock Exchange closes high with all sectors

The General Index of the Saudi Stock Market carried 11900 points at the end of the trade today, Wednesday, with the rise of all sectors, coinciding with the rise in world prices, amid expectations of a significant decline in US equities, and a gift in the Black Sea between Russia and Ukraine. The “Tassi” index closed 2.2% at 11,970 points, amid an improvement in the value of trading to 6.1 billion Riyals, which is less than three months. The share of “Umm al -qura for development and reconstruction” (massar), the newly included, continued to take the lead in terms of the value of trading, to rise 14.2% to 23.98 Riyals. Under the leadership shares, Al -Rajhi Bank and Aqua Power Bank shares rose 3%for each of them, and the shares of “Saudi Aramco” rose 2.1%, “Sabic” by 1.4%, and the “National Bank” by 2.4%. Date moves to the Saudi Market, Mohamed Adel, the financial analyst of Al -Sharq, said that “the positive mutual connection between oil prices and Tassi’s movements has reached the highest levels in about a year. So the profits we started to see in the Saudi market are the back movements after the profits that have recorded the oil prices during the past week.” Waddah Al -Taha, a member of the Cisi National Consultative Council, believes that Saudi shares generally benefit from high oil prices, as the kingdom is in the first place an oil land. “The high or stability of oil prices affects not only the (shares) of the energy sector, but also the rest of the other sectors, because the Saudi public finances are in a better situation with the high oil prices,” Taha said during an interview with “Al -Sharq”. Oil prices rose today, Wednesday, after an industrial report indicated a significant decline in US crude oil stocks, while the market evaluated the possibility of a ceasefire between Russia and Ukraine in the Black Sea. The Western Texas West Raw got up more than $ 69 a barrel after closing a little low on Tuesday. Brent Ru resolved near $ 73. The poor liquidity increases the fluctuation, Ahmed Al -Brashid, the first financial analyst in the newspaper “Al -iqtisadiah”, believes that the positive movement of the market today stems from the end of the cash settlement period before the Eid Al -Fit holiday, which has the impact of the market in the market. has the market, which in turn increases the severity of fluctuations in the market. In an interview with “Al -Sharq”, Al -Brashid added: “If we look at the scope of the fluctuation, which exceeded 200 points in the contemporary session compared to the values ​​of trading, we find that the rate of the least this month is, and this gives the liquidity high, even if it was high as an absolute but relative to the height.”