The Saudi Stock Exchange starts the week with an increase in the results of the enterprise

The Saudi stock market started trading this week with an increase of 0.7%to reach the “Tassi” index, the level of 11627 points, at 10:30 a.m. Riyadh time, with the support of Aramco’s rise 0.6%, the Rajhi Bank 0.5%, and the pastures 1.3%. The most increased sectors in the beginning of the trading of real estate development management by 1.7%, led by the share “Jabal Omar”, which increased by 3.3%. As far as the highest shares are concerned, the ‘printing and packaging’ shares, with the maximum 9.9%. Shaker’s shares also rose 3.3%, after the company announced the distribution of cash dividends from 2024, which has been the first distribution since 2016. The “Tassi” index decreased for the first time on Thursday after its rise to five sessions, not to achieve the cohesion of the resistance barrier 11600 points, despite the achievement of weekly profits of 0.4%. The results of the businesses, according to Ahmed Al -Brashid, the first financial analyst in Al -Eqtisadiah, are the decline due to the gains of the speculators and the fear of negative news during the weekly holiday. “However, he pointed out the most prominent stimuli that the market expected during this week, which should announce the results of companies’ business in the first quarter, as well as signs of an agreement between Japan and the United States.” It can reduce a little. ‘Before opening the market today, Al -Marai announced a profit of 731.2 million Riyals in the first quarter, but an increase of a 5.6% increase on an annual basis, but it came in the first quarter. Average expectations of analysts who collected “Bloomberg” at 746.3 million rows. with ‘Al -Sharq’ that the market will continue to push the market during this week; “What it will decline, according to technical indicators. But what can help the market is the disappearance of the pressure arising from customs duties” exchanged between the United States and the rest of the most important economies, especially China. The US markets closed to a decline last week, and the markets were closed on Friday on the occasion of the big Friday. Morale affected sharp sales in the middle of the week on Wednesday due to the warnings of “Invidia” that it imposed big fees due to the new US restrictions on the export of chips to China, and the statements of Federal Reserve chairperson Powell, which indicates a slowdown in economic growth. Dow Jones, Nasdac and Standard & Poor’s 500 indicators fell 2.7%, 2.6%and 1.5%respectively.