The Saudi Market rises more than 11600 despite the pressure of "Aramco" and "Al -Rajhi"

The Saudi Stock Exchange “Tassi” began today’s trading, which retains its stability above the 11600 points level, supported by the profits of the shares of “Riyad Bank” and “Saudi -Fransi Bank”, after announcing their financial results for the first quarter of 2025. Positive momentum at the opening. On the other hand, the decrease in the “Saudi Aramco” share is 0.2% pressure on the index, after ending yesterday’s session with 1%. The share of Al -Rajhi Bank also dropped the second largest marketing business in terms of market value – for the same. The market ended the session on Sunday, the first sessions of the week, an increase of 0.6%, to close the index at 11627 points, supported by “Aramco” profits by 1%, “Jabal Omar” by 7.8%, and “Al -Marai” by 1.9%. The trading values ​​in yesterday’s session are 3.6 billion Riyals, that is, below the average daily trading in the first quarter of 5.9 billion Riyals. Majid Al -khaldi, the first financial analyst in the ‘economic newspaper’, said that the results of ‘Riyad Bank’ and ‘Saudi Fransi’ would reflect positively on the rest of the sector’s shares, as interest rates on the corporate sector were a major advocate of banking growth. But he pointed out that the banks were the lowest growth rate in interest income in three years, which is an indication of a slowdown in income during the coming period.