Aramco Week .. How does the Saudi Market handle the calm of Ramadan and the Hotge of the results?

Saudi stock market transactions in Ramadan may be more active in such a season as it coincides with the last months of announcing the financial results of the listed companies, especially with the increasing rate of revelations last week. Ahmed Al -Rasheed, the first financial analyst of the newspaper “Al -iqtisadiah”, indicates that “Ramadan has been closer to summer in recent years, which is of course calm, but now it coincides with the season of financial results, so I don’t expect it to be quieter than lately.” He added: “The rate of disclosure increased by nearly 5 businesses per day last week, so in the coming period there will be a greater intensity in the advertising of companies, increasing the severity of fluctuation in the market, especially if the results are contrary to expectations.” The “Tassi” index ended in February with a monthly decline of 2.2%, ending, with all leadership sectors dropped, to land without important technical and psychological levels at 12200 points. Aramco is the focus of attention, Aramco, Saudi Aramco, whose share is the second largest relative weight on the market index, will announce its financial results for the year 2024 next Tuesday. Analysts expect to see a decrease in turnover of 11% and 8% in the net profit. Hisham Al -Yas, the chief financial analyst of the “East”, is of the opinion that “Aramco’s shares are in the direction of a clear downward time. recorded to close $ 72.8 a barrel. Ibrahim al -hindi, the economic researcher at the “Arab market research center”, believes that “there is an impact on the evaluation of investments in the applicant and the return on these investments, which has a very significant impact on the results. While the decline in sales is not the same as the same on the results. “Petrochemical enterprises around the world suffer due to high costs and the decline in profit margins, amid constant concerns about the growth of the global economy and the level of demand, especially in China, the largest consumer in the world, in addition to the expected negative consequences of the possibility of making new US Customs. The ‘co -operative’ supports the insurance sector. Co -operative has created a good impression that the insurance sector is still very large. It is possible during or after 2025 to appear in Saudi Arabia new products that are currently not present. The products are still very little. “The Saudi Investment Minister Al -Falih during the ‘Financial Markets Forum’ in Riyadh last month that the Saudi insurance sector had great opportunities, expecting her to have the ability to grow in terms of total existing installments to 7 to 8% of gross domestic, compared to only 2%. Health insurance. But if you think about life insurance, real estate and specialized insurance services, there is a great potential for them, “the minister said. Al -Hindi explained that” 70% of the cooperative portfolio in the medical sector and the rest in vehicles. So there are new products that the cooperative can work on. “