The Saudi Stock Exchange drops at the beginning of today's trade ... and attention to the benefit

The Saudi stock market began trading today, Tuesday, at a time when clients are awaiting the prospects for US monetary policy, whose functions will be clear this week by a speech by Federal Reserve chairman Jerome Powell, and the announcement of the minutes of the council meeting last month. The “Tassi” index opened trade, with a slight drop of 0.1%, with 10875 points, under pressure from the decline in the shares of “Aramco”, “Al -Rajhi Bank” and “STC”. Ikrami Abdullah, the chief economist of the economic newspaper, believes that the tackle of the US interest rate path this week is the most important driving force of the Saudi market, as the minutes of the Federal Reserve will be issued for the month of July this week, which will include the reasons for the decision to keep the interest and the future prospects. In addition to the annual “Jackson Hall” symposium, in which Powell will speak. During an intervention with ‘Al -Sharq’, he pointed out that the most prominent today is the right to the critical distribution of ‘Aramco’ and ‘Sabic’, which is expected to affect the index to a certain extent. “A new pricing base on the Saudi Stock Exchange, in turn, is Thamer Al -SAEED, CEO of the BLMA capital KSA, who has seen the market over the past two weeks, an improvement in the movement style, despite the falling performance since last May, and after the main index has lost almost 10% since the beginning of the year. And pointed out that it has formed a price base, and that this rule will pay the market in the third and fourth quarter to compensate for part of the losses it has incurred since the beginning of the year. Al -SAEED explained: “We are near a price base on which the movement of the market will be built in the last two quarters, which will see an improvement in the performance due to two basic factors: the first is that there is no decrease in the gains of the companies listed in the last quarter in a striking way, and the second is that there is a consensus for the expectation of attraction, which is the attraction of the migratory poisoning of the fight against the expectation, which has the attraction, which is the attraction of the set income, which has the attraction, which has the attraction of the set income sukuk, deposits, etc., and let investors eventually become in investments with larger risk markets. 0.5%rose after the company signed a two billion Riyals of Murabaha’s facility agreement with “Al -Rajhi Bank” with the aim of finding existing facilities on improved conditions. Jabal Omar has a high financial leverage, and the value of its debt is almost equal to the size of the capital and the rights of shareholders, which over the past year is the cost of 350 million Riyale, and can improve the new facilitation. “Abdullah. 0.12 Riyals approved for the first half of 2025.