After the longest wave of weekly profits in a year .. What is the next for the Saudi Stock Exchange?

The Saudi Stock Market is interacting with various internal and external factors this week, after it recorded its third weekly profits for the first time in about a year last week amid a tangible improvement in trade values. The “Tassi” index ended last week, rising 0.5% at 12415 points, despite the slight decline in Thursday’s session. The value of trade exceeded 37 billion Riyals over the past week, increasing more than 10% of it last week. “The distinction is that the increase comes from the growth sectors, not the sectors with high -liquid values, and therefore the movement of the value sectors will boost the market. The purpose of this year is 14700 points,” according to Mohamed Zidan, the first financial analyst in “Al Sharq”. The results of the companies pay the market on the market that awaits more results this week after the index benefited last week from the announcement of the results of a number of banks from last year, all growing in profits such as “investment”, “Al -Rajhi”, “Al -Hly”, “Saudi Fransi” and “Development”. Investors will follow the performance of the leadership banking sector, especially the share of Al -Rajhi Bank, with a heavyweight weight, which was subjected to profits on Thursday after 4.7% jumped in the previous session, which achieved its highest levels since May 2022. The bank announced last Wednesday that its net profit growth was 18.6% during 2024, which was expected thanks to the high income of financing, investment and service. The share of the “Saudi Arabian mining business” (Maaden) will also enter the circuit, as the company holds the mandate of the Board of Directors tomorrow, Monday, Monday, to issue Bonds and Sukuk in an indication of a possible step for the methods of debt markets. The share of the company fell 0.8% last Thursday. ‘Riyadh -Herbuilding’ also holds its public association tomorrow to vote to raise the capital by 31.58% by reaching out new shares for the benefit of ‘Rimat Riyadh development’ with the aim of acquiring two real estate assets associated with it in the Saudi capital. Respond “OPEC+” to Trump’s requests? The market is also awaiting the “OPEC+” coalition meeting planned for the response of the coalition to US President Donald Trump’s demand to reduce the cost of oil. Trump said the week before during a television speech during the meetings of the World Economic Forum in Davos that he would ask for Saudi Arabia and the Organization of Petroleum Exporting Countries (OPEC) to lower oil prices, adding that it would push Russia to stop the war in Ukraine. The share of power giant “Saudi Aramco” increased on Thursday, about 0.2%, after falling over four consecutive sessions, which ended last week with a loss of 1.08%. Brent delivery contracts concluded April last week, a decrease of 0.3% to $ 75.7 a barrel, while the intermediate crude contracts in Western Texas concluded with a similar decline to be traded at $ 72.5 a barrel. International markets, including Saudi Arabia, are also expected to study the effects of Trump’s imposition of customs pie lights with 25% on all imports from Mexico, and the same on Canada (except for 10% energy imports), in addition to 10% on all imports from China.