How can you end the Saudi Stock Market in 2024?

Investors in the market will turn their attention during the closing session of this year versus the shares of three main sectors, supported by positive expectations for business results, strong economic basic principles and motivated official data. It is estimated that these sectors will be the most important driving force for the continued increase of the Saudi stock market in 2025.Banks are the first of these sectors along with the real estate and insurance sector. The shares of banks expressed a positive interaction about the statistical data for last November issued by the Saudi Central Bank “SAMA”. ‘SAMA’ revealed that the profits of Saudi banks have increased to 7 billion Riyals, an annual 14% growth during November. The increase in profits was supported by the growth scoring at a record rate of 1.7%, according to the data seen by the “East”. A remarkable real estate activity of real estate activities increased by approximately 15 billion rows during the past November, as it was the largest increase in value in the bank credit portfolio on a monthly basis, and on an annual basis by 32%. Mohamed Al -Farraj, senior chairman of asset management in ‘Capital’s Wints’, is expected to reach the profits collected for Saudi banks, a record level that is more than 88 billion Riyals during the year 2024. The banking sector with the largest relative weight in the Saudi main market has increased by only 0.2% since the beginning of the year, which is the same percentage for “tassi” and thereby, thereby the sector sector. have a clear return on the index. Al -Farrajj is likely to touch the “Tassi” index, the level of 12100 points during the Tuesday session trading. “Geopolitical tension and US -federal expectations of interest costs the Saudi market about 1,000 points that can be added in 2024.” According to Al -Farraj, which is expected to reduce interest in the part of American federalism, it is greater than the current estimates, which will support the prices of commodities and the petrochemical sector. During the past two sessions, the market has seen strong heights of the shares of the insurance and real estate sectors as it was the highest. Ibrahim Al -Hindi, the economic researcher at the Arab market research center, said the real estate sector is about to be an excellent development in Saudi Arabia with motivated events such as “Expo 2030” and “World Cup 2034”. “Funding and lending will play a role in financing huge projects, as well as the connection of individuals,” according to Al -Hindi. The Indian expects the market to see the continued positive interaction in the recent “SAMA” data, which reveals the growth of real estate projects and banks, benefits from the public utility sector. According to the Indian, a bet on the sectors with local orientation sectors with a local orientation will be led by banks, real estate development and insurance, which, according to the Indian, will echo. He expected the insurance sector to see a major shift after investing the Public Investment Fund with the “Saudi General” business, as well as the upcoming integration and acquisition operations, whether announced, or what future growth plans will be revealed later. Aqua Power storms the Chinese market. The “public facilities” sector exports the best sectors for the performance market during yesterday’s trading after rising 2.17%, supported by the increase in the share of the largest relative weight in the sector by 2.73%. This comes after Aqua Power revealed that it secured a project portfolio that contained more than 1 GB of renewable energy projects that vary between photovoltaic energy and wind energy in the Chinese market. Oil prices are at the highest level in two weeks and in the energy sector will be addressed to the part of “Saudi Aramco” to the high oil prices to the highest levels during the two weeks yesterday, Monday. Brent Ru contracts, February delivery, ending Tuesday, rose 0.3% to settle at $ 74.39 a barrel. The crude oil “West Texas” also has a $ 70.99 barrel, which is above its moving average for 100 days, and is considered an important technical level that motivated more purchase. Hisham Abu Jameeh, CEO and founder of Financial Makli Technologies, said in an interview with Al -Sharq that the leadership shares in Tassi withdraw sharply, and until we reach logical profitability for them, our heights need up to 40% in the coming period, considering that the price of Aramco’s share is significantly lower than its price.