Financial analysts predicted that the Saudi stock market is witnessing this week, moving the operations of investment liquidity among a number of influential sectors associated directly and indirectly raise an Initial Saudi Aramco.
Fahmi Subha adviser, an economic researcher, told to the "Alaiqtisadia" "The introduction of specific" Aramco "the proportion of different investment sectors enhances transparency, and will carry the market trades in the future to a new concept, and will determine the market path in the coming period, especially sectors of petrochemicals, construction, banks.
He pointed out that the expected results of the offering will achieve unprecedented success, and that its real effects will appear after the completion of the offering to be shares of existing companies in the market investment opportunities that can be seized, especially for the troubled joint-stock companies to buy their shares at unprecedented prices and investors who want to achieve profitability in the medium term.
He pointed out that the course of the market during the coming period, will be in a volatile direction until the end of the subscription period, to remain external pressure and influential factors in the market trading of the uncertainty of the global economic scene, and the low growth rates expected one of the most important pressures on the market.
Another part, Abdul Rahman Al-Samari, financial analyst, expected the continuation of the rise after the end of the period of corporate announcements for the third quarter of 2019, and also with the support of the communications sector and the petrochemical sector.
In turn, said Ahmed Salem, a financial analyst, "that is expected to maintain the market at levels of the index is higher than last week," noting that sales during the week will be a lighter unit and possibly purchases will be greater if small traders continued to maintain their shares, "expected reach market level eight thousand points.
