The Saudi Market has started with the strongest rise since April ... is the downward track ended?

The Saudi stock market has closed the biggest daily height since the tenth of April last year, after the index entered important technical levels to close at a point that, according to analysts, is a separation of the falling path. Trading values ​​in the contemporary session recorded about 8.4 billion Riyals, equivalent to twice the values ​​of trading in yesterday’s session, to reach the highest level since last May 29. All 255 listed shares closed, with a height, except for ‘Saudi Aramco’, ‘Sabic’, and its subsidiary ‘Sabic Agricultural Nutrition’, as these shares ended the session. Ahmed Al -Rashid, the first financial analyst in the newspaper “Al -iqtisadiah”, said in an interview with “Al -Sharq” that the heights recorded today, and reflect a remarkable escalator rate for the second session, pointing out that the trading pattern was the impression that in the rise in today. He added that the values ​​of trade in the contemporary session are the highest since the beginning of the year, with the exception of the April 10 session, in addition to the sessions that have seen the implementation related to the FTSE index, which is a clear indication of the increase in activity by investors, especially with the approaching levels of levels. Regarding the performance of the “sabian agricultural nutrients”, Al -Rasheed explained that the decline is usually due to the low prices of urea, which previously contributed to supporting the stock, adding that the decline is the result of the profit of the profit. As for the ‘sabian’ share, he saw that it was supposed to move parallel to the rest of the shares of the petrochemical sector, because of the affected factors, and wondering if the decline in the share today reflects a new trend or that it is just a temporary move caused by sales of some investment portfefefefefefephlies. Majid Al -khaldi, the first financial analyst in the newspaper “Al -iqtisadiah”, said the index upheld the levels of 10400 and 10500 points in recent days indicating an ideal deliberative week, indicating that the index would continue to rise the level of 11,000 points in the next week, with the support of the increasing moment. He added that tomorrow’s session will see the inclusion of the “SCC” part, pointing out that the timing of the listing seems more suitable than the timing of “Flynas”, although the “SCC” evaluation exceeds the evaluation of a number of similar companies listed in the market. Mary Salem, the financial analyst in ‘Al -Sharq’, said the announcement of the ceasefire between Israel and Iran is expected to return the momentum to the markets, and the activity will return to the levels that prevail before the outbreak of the war. Middle East markets are strong profits and stock markets in the Middle East have scored strong profits today, with the support of the calming geopolitical tension after US President Donald Trump announced a ‘complete and comprehensive’ ceasefire agreement between Israel and Iran. The Dubai Financial Market index rose 3%, which has recorded its most powerful daily profits since December 16. The Qatar Stock Exchange Index rose 2.4%at the highest rise since April, while the first market index on the Kuwait Stock Exchange increased by 2.5%. The FTSI Abu Dhabi General Index also rose by 1.8%. World markets are rising, oil and gold are dropping and worldwide. The MSCI index for emerging stock markets increased by 2.3%as geopolitical risks in the region have decreased. On the other hand, the prices of gold and oil dropped with the decline in demand for secure ports following the announcement of the ceasefire agreement. Immediate gold fell 0.5% to $ 3,353.02 per gram at 07:27 o’clock Singapore, after affecting a level below $ 3350 in early Asian transactions. West -texas -Inintermediate rough refused to deliver August with 5.1% to $ 65.02 a barrel, which scored the lowest level since June 12, before the start of the Israeli attack on Iran.