NCB Capital for Arabia: the Saudi market will maintain a 55% premium on “Al Nasha”

The head of equity research of NCB Capital, Iyad Ghulam, expected in an interview with “Al Arabiya” that the Saudi economy will grow by 7.2% questyear, compared to 2.9% in 2021, in in line with the data released by the Budget of the Kingdom.

At the level of the Saudi stock market, Ghulam said the market is likely to continue with a 55% price increase relative to emerging markets, Among the expectations that the main stock price index “TASI” will be trading At levels between 10,600 and 12,400 points in 2022.

Ghulam described the year 2022 as the year of fluctuations, and it comes after an exceptional year of performance (2021), referring to estimates that the global economy will experience growth of 4.9%. quest’year.

He claimed that the year in course, despite expectations of a decline in inflation rates in between, will continue to “bring strong growth amid high levels of inflation” in so that the economy continues to recover, especially with expectations that these rates will decline to 2% in advanced economies and 4% in emerging economies in the mid- quest’year.

Today’s session

The leading Saudi stock index closed today in slight fall, of 0.04%, losing 4.39 points and closing at 11327.52 points, with transactions that exceeded 6.6 billion riyals.

The volume of shares traded reached 188 million shares, shared by more than 330,000 transactions, in where the shares of 40 companies recorded an increase in their value, while the shares of 162 companies closed.

Shares of companies Al-Bilad, Bahr Al Arab, Al Hammadi, Al Arabi and Dallah Health recorded the largest gains, while shares of Sadr, SEDCO Capital Reit, Glass, Al Sharqiya Development and Malath Insurance recorded the largest losses in trading, as the rise and fall rates fluctuated between 4.60% and 9.98%.

Shares of companies Dar Al-Arkan, Al-Enmaa, Sadr, Al-Jazeera and Emaar were the most active in terms of quantity, and the shares of Sadr, Al-Rajhi, Dar Al-Arkan, Al-Enmaa and Sipchem international companies were the most active in terms of value.

The Saudi Parallel Shares Index (Nomu) closed today, in fall of 245.49 points, to close at 26,030.10 points, with transactions for 107 million riyals, and the volume of shares traded was over 730 thousand shares, shared by 4,476 operations.

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