The Saudi Stock Exchange is the longest monthly loss series in ten years

The Saudi Stock Market Index continued to fall for the fourth month in a row, with the longest series of monthly losses in ten years, amid the influence of the investor moral with the fall in oil prices and the blurring of markets. The “Tassi” index ended Thursday’s trading, fell 0.56% at 10990 points, with the most leadership shares led by “Aramco” and “Al -Rajhi Bank”, with a loss of 6.4% during May, which is the biggest loss since the same month last year. The latest expatriates on the market, United Cartoon Industries, are still trading below the listing price, as 3.7% dropped today, with 45.1 rows compared to 50 Riyals on the list. Customs duties in the foreground, the unrest caused by customs duties that emerged after the US Commercial Court decided last night to stop the implementation of customs duties imposed by President Donald Trump in April, but the Trump administration announced the beginning of the procedures to appeal. During an intervention with “Al -Sharq”, Ahmed Al -Rashid, the first financial analyst in the newspaper “Al -iqtisadiah”, said that the Trump administration’s resumption “makes it difficult to reach trade agreements with the United States because the countries will wait to see the result of the appeal.” Trading values ​​today jumped to 10 billion Riyals compared to the average, which has been no more than 5 billion Riyale for the past two weeks. Analysts believe that the liquidity has been affected by several factors in recent weeks, including the approach of the summer and the Eid Al -Aadha holiday, and the presence of attractive returns beyond the market’s issues and bank deposits, in addition to the upcoming subscriptions that can save investors to save their phenoma to share. Mary Salem, the financial analyst of ‘Al Sharq’, also says the liquidity. Most of them belong to the group of individuals “and these are usually emotional decisions that are not based on basic factors. The impact of oil prices, despite the rise during the current week, still trades about $ 65 a barrel, which is a low level compared to the average during the first quarter of the year, which is a pressure on the Kingdom’s budget, the economy of which is a large percentage of the financial results. has the largest share of the general index of the market.