Does the Saudi stock market increase its profits after the highest level is registered in 4 months?

The investors of the Saudi stock market await a week that overwhelms the influential external factors, such as the beginning of the implementation of the Gaza agreement and the installation of Trump, which can be reflected in the performance of the general index, which recorded an ongoing increase during the past three sessions. This positive momentum has enabled to penetrate the most important resistance level, to rise to its highest level in four months. The “Tassi” index rose 1.3% over the past week, which scored its highest closing 4 months at 12256 points, supported by a strong performance of the banking sectors led by the “Al -Rajhi Bank” arrow and energy led by “Aramco”, and the basic material index led by the “Saudi Arab Mining”. Mary Salem, the financial analyst at “Al -Sharq”, said that the sustainable increase in the index with minor relationships is “a healthy matter because it did not lead to pressure that asks for profits in the market.” She added that “liquidity levels were less than the previous week, but that they are not worrying.” Ahmed Al -Rashid, the financial analyst at the newspaper “Al -iqtisadiya”, expects “the index target the level of 12320 points during this week’s sessions.” The banking sector will turn to a number of shares in the banking sector this week to find out if it will continue its momentum this week. Some of the most prominent stocks, Al -Rajhi Bank, who rose about 1% over the past week and played a decisive role in the rise of the index during the past three sessions due to the heavy relative weight. Among the shares of other banks, which contributed to the rise of the index, the share of the ‘National Saudi Bank’ and ‘Saudi Fransi’, which rose about 5% last week. ‘Aramco’ and ‘minerals’ of the Saudi Aramco movement will be the focal point of attention, after betting on the continued rise of oil in the short term, along with the company’s efforts to diversify its activities. Oil prices achieved profits for the fourth consecutive week, amid the expectations of the OPEC that demand for the growth of 1.4 million barrels per day by China and India, and before Trump’s inauguration, amid the planned customs duties will lead to the disruption of global rough, while the new administration is a wide scale with the goal of the goal, Venezuela prepared, according to the purpose of pressure. The Brent mix was closed last week at $ 80.79 a barrel, while the price of “West Texas” is the $ 77.88 mediator. The Saudi Minister of Energy, Prince Abdulaziz Bin Salman, revealed last Wednesday that there is a strategic orientation with Aramco to diversify its activities and introduce new fields such as minerals, which coincided with the giant oil company’s announcement of a plan to work with the Saudi Arabian mining company (Maaden) with the purpose of the commercial production of the commercial production (Maaden) “Through 2027. Investors will also be followed up. Will keep the momentum after more than 3% rose in the last two sessions of last week after the company announced new discoveries of gold and buyer in the kingdom, as well as the announcement of collaboration with Aramco, and the news of the company’s $ 1.3 billion investment in Brazil. In the midst of expectation that its return to the United States leadership will affect the financial, currencies and energy markets in the world in the light of its intention to set up new customs duties, improve sanctions on Russia and Iran, support US oil production and to support foreign exchange markets. Also in the United States, the hope of accelerating the pace of reducing the ‘Federal Reserve’ for the advantage of statements over the past week has shown a slowdown in inflation. Reducing interest will increase investment in equities in general, especially sectors such as banks. “The performance of the US markets, and the continuation of momentum and optimism to the US inflation data that has encouraged the markets to reduce the severity of pessimism about the rate of interest reduction this year” is one of the most important factors the market drives this week. The latest joints are also focused on newly raised shares such as “Nice One Beyti e markets”, which emerged as the biggest winner in the market for the second week in a row since its inclusion, as its profits have reached about 67% since its circulation in the last two sessions before last week. As for the share “Al -Mousa Health”, which was recently linked to the market, it has achieved an increase of about 11% since the circulation. Mary Salem noted that US markets were closed at very good heights last week, and that oil prices have recorded new profits, and that it is definitely incentives for the market. But the most important influential factor is the results of the expected businesses’ business and is expected to be in general.