The market is promised with three catalysts that will promote liquidity
and attract foreign investment in the coming days, analysts said.
They added that the incentives include the market entry into the
emerging market index on September 29, third-quarter results expected to
be better than the second quarter, and higher oil prices.
They pointed that global markets, including the Saudi stock
market, have been affected over the past few days by the geopolitical
tensions between North Korea and America, as well as local factors
related to Saudi stocks, including the summer vacation.
Hussain Al Sarkeeb, a stock analyst, said that weak liquidity during the past
few days was the reason for the holiday, especially since it was weak
even before the holiday. He
predicted that the performance of the market will improve with the
incentives led by the emerging market share of the emerging markets
Index, which will inject liquidity into the market and attract foreign
investment, in addition to the rise in oil, in addition to the results
of the third quarter which is expected to be better than the second
quarter, Cement and petrochemicals.
For his part, Anas Al Rajhi, a financial analyst, attributed the weak
performance of the stock market during the past few days to the
geopolitical turmoil between North Korea and America, as well as the
impact of leave on vital sectors.
said that the market needs high liquidity to improve performance to
between 4 - 5 billion riyals, pointing out that the optimism index rises
when there is positive news, and the Saudi stock market is waiting for
this news, which leads to join the emerging market index, which will
support the market and improves liquidity, in addition to the third quarter results that are expected in the market.
Mazen Sundos, a stock analyst, predicted that the market's emerging
market share will positively affect the Saudi stock market and will
bring about a qualitative leap in the market and attract foreign
investment from abroad.
pointed out that the index has been weak during the past period, due to
vacation and the tention between North Korea and the United States of
America, but the market will resume with the incentives