The Saudi Market Index has signed the biggest weekly loss since April

The General Index of the Saudi Market “Tassi” ended at a slight height over the weekend, after transactions characterized by volatility to close above the level of 10600 points. Despite this increase, the index recorded a weekly loss of 2.1%, which represents its biggest weekly fall since the week on April 10, and to continue the falling course for the second week in a row. Majid Al -khaldi, the first financial analyst in the newspaper “Al -iqtisadiah”, said that “today’s trade in the previous two sessions is an expansion of the state of the market, with a decline in the decline.” In an interview with “Al -Sharq”, he noted that “the arrival of many leadership stocks to attractive evaluation levels, in terms of repetition of profitability and the income of distribution, limits the intensity of declines.” Point out that the return on the distributions in the market is currently 4%, which is higher than the last ten years of 3.2%; “What makes an additional support element for the upcoming period.” Ahmed Al -Rashid, the first financial analyst in the newspaper “Al -iqtisadiah”, said that the Saudi market “shows remarkable cohesion, despite the declines it considered within the natural magnitude.” He was of the opinion that the market “gave positive signals” during the past sessions, and this has been expected in green since yesterday. ” Al -Rasheed emphasized that the market can maintain its current levels, based on current data, including the continuation of the liquidity within the natural rates, without a significant decline. He also pointed out that during the recent sessions there is a good rise of investors, and that the evaluation of many companies is attractive, which reduces the possibility of sharp moves in the market, unless major surprises have occurred, especially with the anticipation of the results of the second quarter of 2025. Al -Khaldi explained that the evaluation of “Flynas” is based on the evaluation, but of the aviation sector worldwide cannot be overlooked, especially in the light of geopolitical tensions and the high operating costs in the aviation sector. He pointed out that these factors could affect the profitability of the business in the short term, which clearly reflected on the “Flynas” share trading during the first presentation session. In an interview with “al -sharq”, mohamed al -maimouni, a financial advisor to the “Arab Trader”, said that “a state of anxiety prevails between foreign investors and local traders, which leads to clear selling pressure. Since may, the saudi market is going on a deskending Level of 10800 Points, and later declined below 10600 Points, as well as below the average of 50 and 100 days, which enhances the continuation of the declining direction. 10,000 points to land unless the support area is broken at 10429 points, which is the one from which the market has previously carried. “