The Saudi

The Saudi stock market is still hostage for the cross range, amid a state of calm, reflected in the decline in market trading values ​​yesterday, pending advertising for the results of companies and US data issued later in the week, perhaps the market path can be determined during the upcoming period. The “Tassi” index closed yesterday, 0.26% at 12386 points, with the support of the banking and public facility sectors, but the trade value dropped from the previous session below the average for three months of 5.8 billion Riyals. “If the circulation values ​​continue at the beginning of the morning’s session (Monday), the market will be offered on the growing pressure of profits, especially as the market has increased more than 500 points during the past sessions,” according to Ahmed Al -Rashid, the first financial analyst in the “Al -iqtisadiah newspaper”. The most prominent shares today follow the market to include, and start trading the ‘Raoum commercial’ shares that grow from the parallel market ‘grow’ to the main market, according to what the circulation of Saudi Arabia announced last week. The importance of market traders in the newly retired shares is concentrated, which occurs by the increase in “Mousa Health” share 26.3% and “Nice One” 68.3% since the beginning of its circulation earlier this month. Also read: Indicators for another year full of public subscriptions in Saudi Arabia. We will see today whether the share ‘Al -Baha’ will continue to perform strong performance after yesterday closed about 9% after the company announced its profit growth during the last quarter of last year by about 270%. Mary Salem, the financial analyst at Al -Sharq, said that “all the companies whose results have announced so far have achieved growth in profits and all are different sectors. The results of the banking sector after their release will create a strong momentum in the market,” Mary Salem said. We will also follow the “Americana” share, which rose 2.4%yesterday. The company, which was also listed in the Abu Dhabi Securities market, has announced that it has completed the acquisition of the “pizza hut” mark in the sultanates or Oman of the Gingi Ramdas group, in an agreement that did not disclose its value. The agreement contains 46 branches of pizza hut, with an annual turnover of approximately $ 11 million in 2024. Aqua power share with a heavy relative weight will also be in the circuit of attention after yesterday rose by 1.3% and gave a significant support for the public utility sector and ‘tassi’. The same goes for the shares of the energy sector that suffered mass losses yesterday with the decline in the leadership of the leadership “Aramco” by 0.2%, “Petrorabag” 0.4%and “Al -Bahri” 1%. Oil prices dropped this week with the start of their trade with US President Donald Trump imposing a set of sanctions and customs duties on Colombia, in a move that sheds light on the risks that threaten the global economy and trade. Although the United States withdrew the imposition of these fees at a later time, prices are still declining. Expected data this week is witness to the issuance of data, whether in the United States or the Kingdom, which would affect the trends of clients in the market. World markets are awaiting the decision of the “Federal Reserve” on interest rates next Wednesday during its first meetings under Trump’s presidency. The markets expect interest rates to be installed after US inflation -longing in the United States showed last December. “The possibilities are on their way to the installation (interest rates), but the most important thing is what the central bank will say at the press conference about his directions this year and the future of monetary policy under Trump’s presidency,” according to Al -Rashid. Also read: Trump: My knowledge of interest rates exceeds the ‘federal’ president, but Salem believes that ‘the market is already pricing the federal decision, whatever, its impact will only be a continuation of the same current pace.’ The markets are also awaiting data for personal consumption expenses in the United States is one of the influential indicators in US monetary policy. The General Statistics Authority in the Kingdom will perform its quick estimates for GDP’s growth during the fourth quarter of last year on next Thursday. The Saudi economy grew by 2.8% in the third quarter and recorded its first growth in five seasons, with the growth of the non -oil sector 4.2%. Al -Rasheed said that “GDP does not reflect the activity of the private sector, so the focus is on the growth of the non -oil sector and continued growth during the past quarters increases the possibility that it will grow in light of the ongoing spending by the government.” Saudi Economics Minister Faisal Al -iibrahim expected the non -oil sector in 4.8% in the current year and next year during the World Economic Forum in Davos.