The results of "Sabic" and "STC" surprise the market and change the path of Saudi shares?

The results of “Sabic” and “Saudi Telecom Company” (STC) will be the focus of attention in the Saudi stock market during the contemporary session with the ongoing selective purchases in shares of listed companies, depending on profit levels. The results of “Sabic” for 2024, which analysts expect to show quarterly profits of about 766.2 million Riyals for the fourth quarter. The price of the giant petrochemical company stocks dropped 0.62% to 65.4 Riyals in the last session. Ahmed Al -Rasheed, the first financial analyst in the newspaper “Al -iqtisadiah”, believes that “Sabic’s arrow is trading at its lowest levels in nearly 4 to 5 years. Although financial results are without expectation, it will not have a major impact on the arrow.” He added that “the results of flowers and an entity were not good and Sabic is the most important shareholder in the two companies, thus the results that have emerged for strong results. Yesterday, the price of “Yanbil” shares fell 1.74% to 36.8 Riyals after it became a net loss of 34.58 million Riyals in the fourth quarter of last year. “East” accounts. The price of “STC” shares was stabilized at 44.7 Riyals yesterday. Aqua Power prints the Saudi stock index. Al -Rasheed said that, despite the decline in the index, “there was a positive movement during the trading. The market reduced about 100 points of lowest levels. It is a positive indication of the presence of purchases that occur when the market is exposed to a wave of losses and this reflects a good state of morale to utilize any opportunities in the market.” The results of “Aqua Power” for the year 2024 showed the decline in profits and turnover in the fourth quarter, while profits rose 5.7% for the whole year, but the company attributed the annual growth of profits to the results of other businesses investing in IT and profit from recycling assets and low financing costs. Mary Salem, the financial analyst of the “East”, believes that the sales pressure on the “Aqua Power” arrow is normal, because “the assessments of the company are very high. Concern operating profit more than 100 and this price is unjustified compared to the profits. big companies. ” Al -Rasheed said that “the arrangements of the Arrow showed that the company was growing, and it is expected that it would achieve high growth during the current period, and it is not reached, and it is reflected on the arrow. But the bright side is that there are about 18 projects in advanced development stages, and it can be included in this year.” The results support “sponsorship” and “Jamjoom”, the shares of the “National Healthcare Company” 1% and “Jamjoom Pharma” rose 3.6% after the two businesses announced better results than expected over the past year. “Future projects and acquisitions planned at Great Care. The acquisitions and extensions implemented by the company are strategic and help to expand revenue sources for the group, and that is what the investor is looking for. We are waiting to see the impact of the transactions that the company has undertaken recently,” Salem said. She added that “a care share in the healthcare sector has a weight. This sector achieves growth because the investor is satisfied with the main sectors. The investor focuses on a little smaller businesses that have a greater opportunity for growth. For example, we can’t expect Suleiman Al Habib, the same care we expect.”