The Saudi Stock Exchange in the awaiting field amid reassuring signals

The anticipation dominates the Saudi stock market, pending the changes in the field of monetary policy, which are reflected in the financing of investors, while some leadership stocks are under pressure with the end of the right to profit divisions, but with reassuring indications that the sale wave is only driven by movements for small traders. The “Tassi” index started trading 0.3% to 10853 points today, with a major pressure from leadership of leadership, led by “Aramco” and “Sabic”. Mohamed Al -Farraj, head of the first asset management in Capital’s Wints, believes that the market is falling ‘unjustified’ in light of the general rise in global markets, showing that the market seems to be the direction of the US federal reserve to reduce the interest in the next meeting in September. Attractive repetitions on the Saudi Stock Exchange Al -Farraj added in an interview with ‘Al -Sharq’ that ‘the repetitions of profitability in the market are attractive, and that residents in the Gulf Municipality Council countries can be traded directly with Saudi stocks, which will pump new liquidity. The basic factors in general are good. ‘ At the same time, Al -Farraj believes that the decline -ineval with poor trading volumes is a ‘reassurance sign’ because it means there is no major exit or sales of institutions, and their restrictions to small investors “who usually have the opportunity to go back to lower levels. lead. “Characterized by high debt, and some of them reach a total of five times the rights of shareholders. Therefore, their financial conditions will be positively influenced by lowering interest rates.” Note that these businesses are in energy, basic materials, aviation and real estate development sectors, mainly. Positive expectations for the market in the fourth quarter of expectations for future performance, Al -Faraj believes that the fourth quarter will improve a positive development for the market as the first half of the year. Part, Ikrami Abdullah, the chief financial analyst in the newspaper “Al -iqtisadiah”, believes that a state of anticipation all markets, including the Saudi Stock Exchange, more clarity on the prospects for the US interest rates, which are determined by the market movement, also the US. -Sharq “that the shares of” Aramco “and” Sabic “, which have a great weight in the market, will be traded today without the right to distribution, which usually pushes share prices. Petrochemical shares rise at the sectoral level, and from the reasons for the rise by the shares of petrochemical enterprises, in recent factors, Aramco, including Aramco, including Aramco, including Aramco, including Aramco, including Aramco, including Aramco, including Aramco, including Aramco, including Aramco as well as the hope of shrinking the surplus of the market with the closure of factories in Europe as a result of the high cost of energy, as well as the decision of China to close the old fabrics. Petrochemical enterprises be one of the most prominent beneficiaries, as they are characterized by a large financial leverage, and they depend on debt. Most importantly, these stocks have recorded very low levels during the last period, most of which have dropped 50% to about 60% of its peak, so it is natural that it occurs. ‘