The Saudi Stock Exchange removes its morning profit despite the advertisements of positive businesses

The Saudi stock market rejected its morning profit, which was resumed in a row in the ninth session, in the longest series of daily losses in nearly two years, amid reluctance to venture despite some positive news about companies that revived the general index at the beginning of the session. The “Tassi” index ended the transactions, with a low 0.4% at 10964 points, which is the lowest level of closure in about a month, below the weight of the shares of the “National Saudi Bank”, “Aqua Power” and “Sabic” in exchange for the rise of the “Al -Rajhi Bank”. The value of transactions has dropped to 3.2 billion Riyals, compared to a daily average of 4 billion over the past week. Financial analyst Youssef Youssef believes that returning to the levels of the current relegation wave “Saab” in the light of the slow results advertising, suggesting that the liquidity deletion exacerbates the impact of the leadership share movement on the general index. During an intervention with “Al -Sharq”, Youssef pointed out the increase in trading volumes on some small stocks, which indicates that you are away from the risk of avoiding the major decline that can occur to the leadership shares, and this could affect the governor of the investors. Therefore, these people have exposed, even with a small amount on small or medium stocks that do not need an important investment. “” Riyadh Financial “says that the market is dropping without the bottom of last week at 10572 points, would indicate the increase in sales pressure. Sinomi Rellel abandoned its profits,” Sinomi Retil “abandoned its profits, which approached 7% at the beginning of the trade. The beginning of the trade. “Al -sharq” added that “the company’s evaluation in the agreement is based on the sales and purchase agreement, not on the fair value of the company’s share, so that the agreement did not pay the share to rise.” Draw out the long “Futtaim” experience in the retail sector. The results came without expecting the stock not to interact.