بضغط من التوترات الجيوسياسية.."تاسي" يتكبد أكبد خسائر يومية في أسبوعين
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00:00 Mr. Saad Al-Thaqafan will give us more updates on the market and what we expect this week.
00:10 Mr. Saad, welcome to our show and thank you for being here.
00:13 Happy New Year.
00:14 Let's start with the most important market movement today, because the Saudi market is
00:20 undergoing some long-term fluctuations due to the geopolitical events.
00:27 We lost 12,700 points, although there were several attempts to reduce these losses.
00:35 In your opinion, are we still under pressure due to the developments in the region?
00:42 In the name of God, the most merciful, I wish you good evening and good evening to the followers of CNBC Arabia.
00:50 Indeed, the geopolitical situation is still under pressure by the indicator.
00:57 We noticed that the indicator reduced the losses, which were 1.8 at the beginning of the session,
01:08 to about 3.10.
01:11 I think that the indicator in this reduction is a very good reduction, especially with the geopolitical situation in the region.
01:22 Therefore, I think that even the process of reducing these losses is waiting for the indicator to see what the geopolitical situation is.
01:32 We noticed that there were no increases or no decreases, but there was a reduction of these major losses at the beginning of the session.
01:42 Therefore, the market is still waiting for the geopolitical situation and its reflection on the indicator.
01:49 Also, there is a process of monitoring the opening of the global financial markets, and there may be a process of
01:58 providing benefits for a longer period of time, which will have an impact on the global markets, including the Saudi market.
02:07 The market is still waiting for the news of the first quarter.
02:12 Therefore, I think that the process of the geopolitical situation is still waiting, especially in the coming days.
02:22 Although the indicator movement shows us that the geopolitical situation is good,
02:31 with the news that there will be no greater response than what happened in the past days.
02:41 Therefore, I think that the Saudi market responded in a simple way to the expectations that this will not affect the medium to long term.
02:51 The impact of the geopolitical situation may be in the short term.
02:55 Therefore, we saw that there were no decreases in the percentage of the decline,
03:01 although this impact will be temporary and not permanent.
03:08 Yes, but if we compare the performance of the market during this period,
03:13 between the two holidays, at least compared to last year, we see an increase of about 14% compared to the previous year.
03:23 In your opinion, will the impact of news and geopolitical developments have a greater impact on the market than the movement of results for the first quarter?
03:34 How do we compare it to the past period of the market movement?
03:38 In terms of geopolitical news, it will have an impact, but if it is limited and there are no upcoming situations,
03:49 it will have an impact on the movement of indicators in the coming days.
03:56 But it is clear that the geopolitical situation is limited.
04:00 If it continues like this, it will not have an impact on the regional financial markets.
04:07 But the extent or the survival of these effects of the geopolitical situation, even if it is limited,
04:13 may affect the global economy, both in terms of oil movement and the global trade movement.
04:22 We notice that there is an increase in shipping, and it will also affect the global economy in a way that may be revealed in the coming days,
04:32 and this will affect the global economy.
04:37 Therefore, with the continuation of the geopolitical situation, it will have an impact on the world,
04:45 and it will affect the global economy, which will remain beneficial for a longer period,
04:51 or there may be an increase in benefits if there is an impact on this global economy.
04:57 The financial support movement and the oil prices movement will also affect the global economy.
05:04 Therefore, this will affect the movement of indicators, but in our reading and the reading of the investors,
05:13 it is limited and there is a process of giving way to geopolitical situations.
05:19 Today, it is clear that there is a volatility in the process of addressing the liquidity of investors, Mr. Saab.
05:26 At the moment, we are seeing an entry into the developed world.
05:29 The share of the global services is also well affected by the news related to the renewal of the contract with NASA.
05:36 Today, how do we look at the share of the global services?
05:40 How much are the price levels still achieving returns for investors?
05:46 I think the positive news about the services and the contract that the global services received is good.
05:53 It is considered a double of the previous contract, which was worth 2 billion Riyals.
06:00 I think it is positive news for the global services.
06:03 Also, this contract represents a weight in the company's revenues if we look at the year 2020-2023.
06:10 The company's revenues were close to 2.5 billion Riyals, so if we divide it by 5 years, it will have a weight of 15-16%.
06:20 We noticed this reflection even on the company's price, how there were positive increases on the global services.
06:28 If we look at the global services, even in terms of revenues and profits for 2020,
06:33 I think it is very good that it returned to a profit from a loss of nearly 200 billion Riyals.
06:40 I think it is very positive news.
06:46 We noticed this on the company's movement during 2023 and also on the 24th and its increases, which we still see.
06:56 This also gives the company a positive profit, considering the company's expected growth and the return to normal after the Corona crisis
07:12 and what it has affected on the services it offers.
07:17 The company also expects a growth due to the services it offers, especially with the active use of aircraft.
07:28 It is expected to see a big growth with the 2030 vision.
07:33 The company will benefit from this development and growth, which will improve the process of profit decisions and the company's intentions.
07:44 Today, there is also a positive trend, which is the previous one, which we are seeing a return of more than 3%.
07:52 Even before the inclusion of the returned raw materials sector, despite the rise in oil prices, Mr. Saad,
07:59 are these early movements that we can consider on some of the petrochemical sectors,
08:04 that there are still continuous pressures until the first quarter on this sector?
08:09 Regarding the petrochemical sector, we noticed at the end of the month or from the middle to the end of Ramadan,
08:15 there were increases, for example, for some companies, almost 15%.
08:21 Today, we noticed that with the process of generating profits, we noticed that the first companies that had a strong decline were the petrochemical sector
08:29 due to the capital gains that these companies have achieved.
08:36 We noticed that there were profit-generating processes, the reason being the increases that we saw in the month of Ramadan.
08:45 Therefore, there was a profit-generating process, despite the investors who achieved these profits.
08:55 In general, there are no positive news processes for the sector,
09:00 or that there is a return of these companies to profitability, like the years when the petrochemical sector flourished.
09:10 The reason is that the price process is still low, and there is no reduction in quantities,
09:18 especially that the quantities offered, especially from China or the companies in this sector,
09:24 are still low, and there is no reduction in quantities.
09:30 The reason is that the price of the petrochemical sector is still low, and the quantities are still low.
09:38 The reason is that the price of the petrochemical sector is still low, and the quantities are still low.
09:46 The price of the petrochemical sector is still low, and the quantities are still low.
09:54 The reason is that the price of the petrochemical sector is still low, and the quantities are still low.
10:02 The reason is that the price of the petrochemical sector is still low, and the quantities are still low.