Saudi supplies on a date with a dry farewell for 2024

While the world says goodbye in 2024, customers on the Saudi Stock Exchange are preparing for a new week of calm in the values ​​of trading, after the daily average decline by about 35% last week, from the average values ​​in the market during the week before. The last three sessions of the year may not have surprises in the liquidity level and indicators are moving, especially with preparing for a new hot year of primary public subscriptions. “The medium -sized companies in the market were more happy during 2024, whether with regard to trading activities on their shares or high prices, and the focus during the new year will be mainly on the local orientation companies,” and he announced to “Al Sharq” Isaac Ali, head of assets and consultation management at Winveston Capital. The remaining sessions of the year are not expected to be a major interaction of investors, whether individuals or institutions. A crowd of suggestions come, while the Saudi market is preparing for a new year, filled with initial public subscriptions. The Capital Market Authority has so far agreed to 5 subscriptions in the main market that have not yet been revealed by the outreach Bulletin: “Al -Arabiya for agricultural and industrial investment”, “Umm al -qura for development and rebuilding”, “Ijdiyah for systems”, “United Cartoon Industries”. Most of them can start offering procedures during the first quarter, and a maximum in the second quarter of next year. The list of subscriptions can be reinforced by the sale of shares of companies associated with the ‘Public Investment Fund’, especially ‘Nobco’ and ‘Saudi Arabia for Harbors’, according to ‘Bloomberg’. A bet on real estate and hospitality businesses. The market will monitor the shares of the local orientation sector during the current week, of which a “real estate” and “facilities” are, thanks to the error of the building projects, and advertisements of a number of businesses that launch real estate investment funds with billions of rows over the past few weeks. Also read: “The City of Economic Knowledge” joins the billion real estate funds in Saudi Arabia, and the hospitality sector will benefit from the strength of the basics of the Saudi economy and the growing number of tourists, as Isaac Ali expects. An Saudi proposal for the “Apec” structure The market will also remain under its eyes, during the last trading days of the year, the interaction of the shares of “Aqua Power” and “Saudi electricity enterprises, in the light of the tendency to improve the Arab collaboration and integration in the fields of energy and economy by the Arabic Petrolum Executive” Saudi Minister of Energy, Prince Abdulaziz Bin Salman Al Saud, submitted a proposal on the sidelines of the 113 ministerial meeting of the organization, which aimed to structure and develop “monkey” and convert it into the ‘Arab energy organization’. -Herbre “enterprise monitor, with the end of the capital increase in 30%, allocated in favor of the” Public Investment Fund “. Also in the insurance sector, the eyes will be on the part of” Rasan Information Technology “, after the price rose by more than 10% last week, and 114.9% since the list in June. The “Medgog insurance” share was the most prominent market last week, after the share rose 14.71%, and the list of the highest shares on a weekly basis. The surplus of subscriptions will answer: ‘Nice One’ and ‘Al -Mousa Health’ will reveal this week about the date for the allocation of the shares and the surplus of subscribers in offering the shares of the two companies. The value of the initial requests for public entries for Nice One for the institutions is 169 billion Riyals, while it reached 173 billion Riyals in the “Al -Mousa Health” subscription. The liberalization of these funds may have an impact on the liquidity figures on the market, but it will not appear clearly this week.