The Saudi Stock Exchange decreased to the seventh session in the midst of the absence of incentives

The Saudi Stock Market is subject to selling pressure amid reluctance to venture pending the announcement of large companies for their financial results, so that the attention of investors change developments on the world scene, in light of the anticipation of the US Federal Reserve over interest rates and the coherence of oil prices. The most important index “Tassi” decreased by 0.5% today, which continued the decline to the seventh session in the longest series of daily losses since October 2023, with almost all market sectors, amid the values of no more than 4 billion Riyals. The ‘advanced petrochemical’ share has resolved after achieving profits after announcing better results than expected for the second quarter, while the price of ‘Jarir Marketing’ shares drops, despite its profits as well. Mary Salem, the financial analyst in the East, indicated that the market, in the absence of financial results, is due to the link with the movement of oil prices. The price of ‘Brent’ crude oil improved $ 69 a barrel, while the Western Texas midst ‘approaches’ crude oil $ 67, while waiting for the markets to issue US crude stock data. Ahmed Al -Rashid agreement, the first financial analyst in the newspaper ‘Al -iqtisadiah’, indicated that the appetite was added to a risk in the market, which is the market, which is the market. “Al -Sharq” that there are no moves that expect the financial results of companies to take advantage of the jumps that occur on the shares that achieve better results than expected, as with the advanced petrochemical. The US Federal Reserve will hold its meeting on monetary policy at the end of this month, an important development for the market in the kingdom that binds its monetary policy to its US counterpart. Investors’ interests around the world have increased the Federal Reserve to keep interest rates unchanged at the current stage after data on the acceleration of basic inflation in the United States showed a lower rate than the fifth consecutive month in June.