Constant pressure on Saudi Cement shares despite the strong basic principles

Despite the most important basic principles of the sector due to the urban Renaissance in the Kingdom, the shares of Saudi cement companies listed on the stock exchange are still subjected to a clear negative pressure, especially related to cash flow and market expectations of low interest rates, according to Mohamed Zidan, the first financial analyst in “Al Sharqu”. Zidane emphasizes the arrow of “Al Yamamah Cement”, which is currently trading within the 37 Riyals limits, and is still below historical levels, adding: “Until we can say that this stock will return to the height and enter the most important levels, it must reach the level of 40 rials. If the stock is above this level.” On the other hand, the share of “Saudi Cement”, and after failing to settle more than 45 Riyals twice during the current and the past two years; If it is closed today without the current level of 42 Riyals, it means to return to test the levels of 38 Riyals to 40 Riyals, representing a continuation of the declining direction.