The blurring of the global economic scene dominates the path of the Saudi Stock Exchange

With the impact of the financial results of listed businesses, the world events dominate the Saudi stock market in light of the uncertainty over the growth of the global economy with the continued emergence of new variables on customs duties of US President Donald Trump. The “Tassi” index continued its decrease in the second consecutive session and lost 0.24% yesterday to close at 11717 points, which is the lowest level since last November 28. However, the values ​​of trades have improved significantly from their levels in the first two sessions of the week, which reached 7.7 billion Riyals, supported by a new “Dragia” trade. Ahmed Al -Rasheed, the first financial analyst of the newspaper “Al -iqtisadiah”, believes that “the decline in the market during this period is justified due to the surrounding factors such as uncertainty … and high protectionism, and all markets come into concern about the growth of the world economy during the coming period.” Evidence of the increase in US equities indicates during the contemporary session, as the futures for the S&P 500 and Nasdac 100 indicators rose in the early trading, after Trump said he had not seen economic stagnation in the United States, which reduced the tensions of Wall Street over his trade war. Trump’s remarks also spurred Asian shares, while the shares of Australia fell following Trump’s exclusion of their exclusion of customs tariffs on steel and aluminum. The effects of Aramco’s discounts on profit distributions in the first response to the reduction of the Saudi oil “Aramco” gains distribution, Fitch, in a report, expected the Saudi budget deficit to rise to 3.8% of GDP this year, compared to the government’s estimates at 2.3%. Last week, the company reduced profit distributions, which are the largest in the world, which represents extra pressure on the financial deficit of the kingdom. Aramco announced that total distributions for 2025 would be approximately $ 85 billion, compared to $ 124 billion last year. The government’s share in Aramco is 82% of its shares, while the public investment fund has 16%, which means that reducing the distributions will seriously reflect on the state resources and the sovereign fund. Aramco has fallen by about 6% since the beginning of the year with the fall in oil prices, but an indication of a fall in the excess offer with the possibility of low flow of Iran and Venezuela, prices can support. Yesterday, the Energy Information Administration reduced its expectations for the surplus of the offer this year and reduced its expectations of the surplus of the offer in 2026 to half, while OPEC expectations are expected to be issued today. ‘Draya’ shares are still rising. The focus continues today on the “Darya” arrow, which rose 2.6% yesterday, and the climb continued to the second session after jumping the maximum of 30% on Monday. ‘Dragia’ shares have attracted the trading of about 1.2 billion Riyals, which contributed to improving the total liquidity in the market. “A know -how work in managing assets and mediation, so if the arrow increases and has a great demand, it shows that there is no concern about the market activity and its movement in the future, and that financial performance is expected to be positive … An arrow is a well -being that spreads well with a high increase and values. The impact of the financial results does not succeed in the financial results of the large companies to push the market to continue with the strong rise they recorded at the beginning of the year, as most of these results came, except for the banking sector, without the expectation of investors in the market, especially in the energy and petrochemical sectors. Although some analysts are dependent on the shares of medium and small businesses to recover the market from their low levels, Al -Rasheed believes that “the results of the remaining small and medium -sized companies should be significantly large to affect the general index.” Today’s attention is also on his way to the share of “Riyadh Cables”, which jumped 10% in the last session, after the company announced a jump of about 58% in its net profits to 817 million Riyals in 2024, and the board recommends that the cash dividends be distributed by two Riyals per share for the second half of the previous year. Al -Rasheed added that “the shares of Riyadh cables with the maximum (in Tuesday’s session) increased after the company announced strong financial results in terms of revenue and cash distributions and a standard arrow. The market interacted and this interaction added a few green points to the index. Company that increased a reduced in its net profit in the last session of the last quarter. Jeddah and the Riyadh gem with the size of about 90% and this will be expected to lead their surgery to increase an increase in an increase in an increase in an increase in an increase in the size of about 90%. 40%. It will also reflect on the real estate sector in the kingdom. ‘