السوق السعودي يسجل رابع مكاسب على التوالي وسط سيولة فاقت الـ 7.5 مليار ريال
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00:00 Imad bin Rashid Al Rashid, a member of the Saudi Economic Union, is with us in this program.
00:05 He is also talking about this topic.
00:07 Mr. Imad, welcome.
00:09 You are always with us.
00:11 Let's talk about today's round before going into the details, although it was a normal session.
00:15 But today, we should pay attention to the first point, the Aramco share.
00:19 I mean, I don't say the influential, but the one that is contrary to expectations,
00:23 even in a more than what is expected, in terms of profit.
00:26 Despite that, the share was able to distribute the distribution of the participants' land,
00:31 and therefore the share was allocated.
00:34 What is the story of Aramco today?
00:36 First of all, I would like to thank you, dear viewers, and wish you a good year.
00:41 May your fasting and prayers be accepted.
00:44 Of course, Aramco's share, due to the return on profits, is more than 24%.
00:50 Some may see it as negative.
00:52 But in the announcement, there was a trick, which is to increase the return on profits,
00:59 or the rights of the shareholders.
01:02 This, of course, is positive if the interest rate is low or there is a decrease.
01:09 And this is what happened in Aramco.
01:11 We saw that the interest rate declined by 6%.
01:14 Of course, this segment could be negative if the interest rate increased in Aramco.
01:21 This is what made investors' interest in the market positive.
01:27 This is not a positive thing.
01:29 Of course, it indicates the good performance of the company's management and the trust of investors.
01:35 Therefore, today we are talking about Aramco, the oil giant,
01:39 or one of the largest companies in the world in the energy sector.
01:43 So, it was very natural today to see the reaction.
01:47 We saw that the market was somewhat moderate.
01:52 Aramco was the largest shareholder in the market.
01:58 I expect that, God willing, there will be an improvement in the next four years.
02:04 Of course, the reason for the decline in profits is natural.
02:07 Today, we are talking about the level of the market prices at the beginning of the year.
02:11 It did not reach 85 dollars.
02:14 Last year, the prices were low and fluctuated between 79 and 85 dollars.
02:23 But it jumped in the quarter of the last three months and reached 97 dollars.
02:29 Thank God, the market is stable.
02:33 Good.
02:35 You have reached the idea in a good way.
02:37 Sir, why don't we look at the market itself today with these relatively calm fluctuations?
02:44 We are approaching the holy month of Ramadan.
02:48 The markets are sometimes volatile in this month.
02:51 How do you expect the performance to be?
02:54 What are the factors that can motivate the market?
02:59 I am very optimistic about the performance this year and the whole blessed month of Ramadan.
03:03 I expect that the market will be calm.
03:14 But at the end of the month, there will be a rise between the rise and fall.
03:23 But in general, there will be a rise.
03:25 Today, we are talking about the level of 12,700.
03:30 When the market approached it, we saw that it began to recede.
03:33 It seemed to us that the market was going to recede.
03:38 This does not make me optimistic and motivates the market.
03:41 Today, we are talking about the end of the quarter of 2023.
03:45 All companies will end their advertising time in March 31.
03:49 Some of the projects of the Giga project have been announced.
04:01 Many companies are either taking direct contracts or dealing with companies that deal with the state in these projects.
04:12 Today, we are talking about the vision of the Holy Prophet (PBUH) for 2030.
04:16 From here to 2030, the market will be positive.
04:20 This will lead to some attempts to correct the situation.
04:23 In February, the market rose by 7%.
04:29 This is normal.
04:31 We see that the market is declining.
04:33 This is positive and healthy for the market.
04:35 Today, we are above the level of 12,600.
04:38 There is no negative news.
04:41 The market has been affected by all the negative news in the past.
04:46 This is true for the global market and the Saudi market.
04:50 Today, there is no new effect.
04:54 There is no political movement that can affect the market.
04:59 The global market is also following the same pattern as the Saudi market.
05:05 The oil market is also improving.
05:09 Mr. Imad, in Ramadan, some sectors are active, especially the distribution sector.
05:20 How much can we notice this and its effects?
05:24 Will there be a financial impact on some connected and related companies?
05:30 Most of the distribution, service and tourism companies will be active during this period.
05:42 But the financial impact will not be visible during March.
05:45 We can see the financial impact at the end of the second quarter of 2024.
05:50 Usually, all companies that achieve higher revenues during a certain period of time,
06:00 will be active during the second quarter of 2024.
06:03 This is positive.
06:05 But the negative news is that after the end of the second quarter of 2024,
06:10 the third and fourth quarters of the same year will be active.
06:16 There is a kind of regression.
06:20 In Ramadan, we cannot compare the third quarter of 2024 with the third quarter of 2022.
06:28 So, you will see a sudden decline.
06:30 The season started in the month of Sha'ban for distribution companies.
06:33 The season started a month ago.
06:38 We will notice the positive financial impact on these companies, God willing.
06:43 Whether it is health, service or retail,
06:47 all of them will be active during the next month or two, in 2024.
06:53 Yes.
06:54 Thank you, Dr. Rashid, a member of the Saudi Economic Union.
06:57 Thank you very much.
06:58 You were with us from Riyadh.