For the second day in a row, the Saudi Market Index “Tassi” penetrates the level of 10700 points during the trading, but today’s session was characterized by the index that closes this obstacle, by 1.1%, and coherently above the level of 10600 points, preparing by analysts. On the other hand, yesterday’s session recorded higher levels than those seen by the market today, but the index closed at the time below the level of 10600 points, amid poor trade that is the lowest for more than a month. Mohamed Al -Farraj, the first president of asset management at the ‘capital’ company, said in an interview with ‘Al -Sharq’ that the Saudi Market Index is expected to go to 10600 points, indicating that the markets have recorded the effects of the US strike of iranic core institutions. Al -Farraj explained that investors saw that future risks tend to fall, and that negative news has already been priced in the market, increasing the possibilities of stability during the upcoming period. The morale of investors has improved. As for Ahmed Al -Brashid, the first financial analyst in the newspaper “Al -iqtisadiah”, he said in an interview with “Al -Sharq” that the Saudi Market Index in the contemporary session managed to make the losses it resolved in the session of yesterday. Al -Rasheed explained that the current decline has been considered most serious in the last ten years, with the exception of the year of the pandemic in 2020, and notes that the market is still a candidate for cohesion and weekly conclusion in a positive way, although the index is likely to move between 10770 and 10840 points in the coming days. He added that current prices are attractive, in light of the anticipation of the results of companies for the second quarter of 2025. About the fall in Aramco and the power sector, despite the high oil prices, Al -Rasheed attributed to the fact that the impact of these heights takes time before reflecting in the company’s results, pointing out that recent oil prices are driven by geopolitical factors and a “risk allowance”, more as a result of an enlightenment. This comes as Asian stocks and currencies decreased at the beginning of the week, after US strikes shook Iran’s confidence in investors and oil prices rose. Majid Al -khalidi, the first financial analyst in the newspaper “Al -iqtisadiah”, said in an interview with “Al -Sharq” that the market has been moving in a landing road for more than half and a half, which has been the same path that broke out before. He added that the general index places 10400 points as a level of support, in light of the weak liquidity, and notes that the speculation is still a trading function, and that the index exceeds the level of 10500 points that can open another short -term path to the height. He also pointed out that the net purchases of foreign investors amounted to between 1.2 and 1.3 billion Riyals at the end of last week, in an indication of serious purchases by them. Mary Salem, the financial analyst in “Al Sharq”, said that the markets of the wave states recently recorded a poor performance, with noticeable declines, in the light of the geopolitical tensions affecting the morale of investors. President Donald Trump’s decision to launch an attack on three Iranian nuclear sites opens a new front in the conflict between Israel and Iran, which arouses the fear of the disruption of energy supplies from the Middle East. This concern is a special concern for the economies of Asia, which is largely dependent on fuel imports.
Tassi cross 10700 points in the closure … and the stability of the market blows on the horizon
