A slight increase in the Saudi Stock Exchange at the beginning of the trade

The General Index of the Saudi Stock Exchange ascended at the beginning of the trading, with the ongoing issuance of the large listed companies, financial results exceeding expectations, while oil prices rose slightly and Asian shares rose at the beginning of a cautious week, amid anticipation of signs of progress in global trading. The “Tassi” index opened the session, with 0.13% to 11772 points, with the rise of the shares of “Saudi telecommunications” (STC) by 0.3% to 48.25 Riyals, and the price of the “Al -Rajhi bank” shares, which has a weight in the same percentage, increased to 98.5 Aramco “has. 25.8 Riyals. Ikrami Abdullah, the chief financial analyst in the newspaper “Al -iqtisadiah”, indicated that the Saudi market saw a state of stability yesterday as a result of the weekly holiday in the global markets and the lack of receipt of any new news on the World Trading War, despite the announcement of the list. But in an intervention with “Al -Sharq”, he expects “the impact of positive results on the market to be reflected in the upcoming sessions, especially if it coincides with a supportive news from world markets on customs duties and oil prices.” The results support the shares, the share of “Saudi Telecom” (STC) support of the company announced better results than the average expectations of analysts for the first quarter of this year. The net profit of the company reached 3.65 billion dollars during the first three months of 2025, a year -over -year growth, and the distribution of cash gain with 55 halalas per share for the period. Abdullah said the profits “that fall within the framework of the falling policy in the past, approaching the income of the division of about 5%, with the assumption of the continuation of the same distributions during the next three quarters compared to the current share price.” In the same context, the share of “Nice One Pioti” increased by about 1.8% to 39.7 Riyals after the company said its quarterly profits rose by more than 10% year -on -year to 24.1 million. The start of a week carefully in Asia has risen the Asian stocks in the morning trading, while investors invest in any signs of advances in commercial negotiations between the United States and several countries in Asia, in addition to the possibility that China recognizes more stimulus procedures for the economy. The regional index rose 0.6%, powered by the increase in Japanese and Australian stock markets, while the S&P 500 futures dropped 0.5% in Asian trade. In the energy markets, oil prices rose slightly after a volatile week, amid anticipation of geopolitical developments in Iran, but futures are still being influenced by concerns about the demand, especially after the “OPEC+” decision to accelerate the production rate. Brent rough rose more than $ 67 a barrel after falling 1.6% last week, while the Ru -West Texas were circulated near $ 63.