An attractive overview that decreases from the decline in the Saudi stock market

The General Index of the Saudi Market “Tassi” began Thursday’s transactions, a drop of 0.4% to 10547 points, influenced by the pressure of the arrows of “Saudi Aramco” and “Al -Rajhi Bank”. However, the losses of the indicator were partially reduced thanks to the positive performance of both “Sira Holding” and “Aqua Power”. Majid Al -khalidi, the first financial analyst in the newspaper “Al -iqtisadiah”, said in an interview with “Al -Sharq” that today’s trade is an expansion of the market situation in the previous two sessions, with the decline in the decline. He added that the arrival of many leadership shares to attractive evaluation levels, in terms of profitability and distribution income, limits the intensity of declines. The return on the market distributions is currently 4%, higher than the last ten years of 3.2%, which is an extra support component for the upcoming period. Airlines shares establish the price of the offer in its second sessions, “Nass Air” shares rose at the beginning of its second sessions in the market to trade the price of 80 Riyals per share. Al -khalidi explained that the evaluation of “Flynas” is based on the announced expansion plans, but that the challenges of the aviation sector worldwide cannot be overlooked, especially in the light of geopolitical tension and the high operating costs of the aviation sector. He pointed out that these factors could affect the profitability of the business in the short term, which clearly reflects the stock trading during the first presentation session.