The Saudi Stock Exchange struggles to determine the direction of a cautious medium that prevails in the world markets

The General Index of the Saudi Stock Exchange “Tassi” is struggling to determine a clear trend during Tuesday’s trade, amid continued concern about the weaknesses of the US economy, the effects of the trade war and talk about the Iranian nuclear program. The indicator fluctuations between climb and fall to circulate about 11,780 points. The shares of the “development bank” rose 0.2% to 29.9 Riyals, “Umm al -qura for development and reconstruction” by 1.35% to 26.25 Riyals, and “Al -Arabiya technical observations” by 5.7% to 124.2 Riyals, while the “Sabic Agricultural Nutrient” shared 0.4% to 102 Riyals. The ‘development bank’ share ignores growth in growth. The ‘Development Bank’ arrow completed at the beginning of the session without a change at 29.85 Riyals, after today its net growth in growth in the first quarter of 2025 was announced by 14.7% to 1.51 billion Riyals, corresponding to the average expectations of analysts. The bank attributed this increase in the total of 9.7% year -on -year in the first three months of this year, supported by the growth of net income from financing and investment, in addition to the revenue for the transfer of high currencies. Ikrami Abdullah, the chief financial analyst in the newspaper ‘Al -iqtisadiah’, believes that the results of ‘development’ are a continuation of the good performance of the banking sector in the kingdom and indicates that the bank maintains growth rates during the last four seasons. In an intervention with “Al -Sharq”, Abdullah said: “The income of financing has improved the bank. But based on the bank’s focus more than companies, we can see its impact in the upcoming period by any reduction in interest rates.” The aggravation of the losses destroyed the arrow of “Kayan”. The share of the “Saudi Petrochemical Entity” arrow began to trade with 1.8% to 5.89 Riyals, after the company announced the net losses by 35.7% to 775.8 million rows during the first three months of this year. The company attributes the aggravation of the losses to the high cost of production inputs, in addition to an indisputable costs associated with the refinancing of Islamic Murabaha loans and restructuring. Abdullah pointed out that “the results came without expectations. The prices of the values ​​have been increased on companies since the beginning of the year, but it is clear that the losses have increased more due to another factor, which is the refinancing of some loans. The company may have tried to have lower interest rates. of President Donald Trump’s customs duties. 66 dollars per barrel traded, while the between Western Texas won almost $ 62.