"Aramco" results .. Do you improve the recovery of the Saudi Market?

The Saudi stock market is awaiting the announcement of the financial results and profit distributions of “Aramco” today, which continued its share yesterday to rise and contribute for the second session in a row, along with the profits of the banking sector, to regain the general index of its lowest levels since the last 30 December. Analysts expect Aramco’s profits with the profits of the profits will be the best prices, but that the great interest will be, but that the great interest will be, but that the great interest will be, but that the greatest interest will be, but that the greatest interest will be, but that the greatest interest will be, but the greatest interest will be. Especially the additional distributions associated with performance. The company’s share price rose 1.1% to 27.5 Riyals. The expectations of “Arique” analysts indicate that Aramco’s revenue fell by 15.4% to 388.5 billion rows in the last quarter of last year and that the net severance gains reached about 89 billion rows, a decline of about 13.5% on an annual basis, according to “Al Sharq” accounts. The giant Saudi oil company, the largest company listed in the Saudi stock market, has reduced its production since the second quarter of 2023 in accordance with the production discount prescribed by the OPEC+coalition. Ahmed Al -Rasheed, the first financial analyst at the newspaper “Al -iqtisadiah”, believes that the rise of “Aramco” arrow has decreased after a long time, indicating that “there are good cash distributions for the share. What makes the share coherent and makes the liquidity as a result of the coming period.” ‘Tassi’ goes back to a wave of losses that lasted five sessions. The “Tassi” index increased 0.7% yesterday to close at 12124 points supported by the rise of the banking sector, with the trade value improved to 6.1 billion Riyals. Hisham Al -claim was the chief financial analyst of the “East” who expected the index to find support at approximately 12013 points, which is the moving average of the index in 200 days. “Any shelters found in the market are followed by some kind of opportunities seized, so we find these movements, especially as the flurry of retreat lasted 5 sessions and there was a kind of exaggeration in the sale,” according to Al -Brashid. Does the momentum continue in the banking sector? Today, we will follow up if the banking sector will continue to recover after all the sector’s shares have risen yesterday, while Al -Rajhi Bank, which has the heavier weight on the index, made the biggest contribution to the general index with a 2.6%increase. The shares of the “National Saudi Bank” rose 2%, the ‘first Saudi bank’ by 2.2%, “Al -Jazeera Bank” by 2.5%and “Riyad Bank” about 5%. Al -Rasheed said: “Liquidity is looking for the best opportunities, and it is, of course, that there is focus in the banking sector, as it is one of the least repetitions of profitability and has good criticism and still achieves some kind of good growth.”