The Saudi Stock Exchange still drops with the pressure of the shares of "Aramco" and banks

The General Index of the Saudi Stock Market continued its minor decline in the beginning of the trading on Monday, amid the pressure of the banking sector and ‘Aramco’, with the stability of oil prices after falling earlier. The “Tassi” index lost 0.11% in the first minutes of trading, scored 11426 points, and below the low shares were “Alinma Bank”, “National Saudi Bank”, “Riyad Bank”, “Retal for Urban Development” and “Saudi German Hospital”. On the other hand, the shares of “Saudi Telecom” (STC) and “Al -Zamil for Industry” rose. Majid Al -khaldi, the first financial analyst of the “Economist” newspaper, believes that the strong profits are achieved by ‘Aramco’ share with 5% over seven sessions that can enter the share in a cross -lane, which can push the market in the current stage. Al -khaldi added during an intervention with ‘Al -Sharq’ that the pressure also came from the bank and real estate sectors, which achieved strong profits in the last period, but entered a correction phase that will be temporary, and it will increase the end of the week or next week. ‘A challenge associated with liquidity. ‘Addis’ The profits scored the ‘Addis Holding’ share of about 3% above the list of winners at the beginning of the transactions, and recorded 14.94 Riyals. The company announced before the start of the renewal of one of its maritime platforms with ‘Aramco’ for a ten -year period, with a total value of 1.6 billion Riyals. is large, about 160 million riyal annual. “What will be reflected on the net profit. And if we compare it to margins last year, it will be about 20 or 22 million riyals annually, and it also increases the cumulative works of the company and gives more clarity to cash flow and profit. Western Texas is the Neardimire level of $ 62. Believe that he is in a power position on the ground, which is why they are probably not concessions, according to Bloomberg.