Saudi stocks are declining amid low risk appetite and pressure from most companies

Saudi stocks fell in trading today, Tuesday, by 0.3% to 11746 points, under pressure from most companies, headed by “Saudi Aramco”, with a slight increase in trading values.

The sales pressure on the market increased after its trend towards stability during the recent sessions, which resulted in the cessation of capital gains, and this stimulates the “short -term sale and profit gain” after the market gains approached 10% of its lowest levels during the current year.

The financial results of companies during the first quarter, which announced before the opening of the market, were not sufficient to push the market direction towards the top, but rather put pressure on the market, as “development” achieved a growth in the first quarter of about 15%, but the results came an approach to the average expectations.

Despite the achievement of slight gains during transactions, the companies that announced the results of the first quarter did not record a positive performance today with the exception of the “Saudi Ceramics”, and “Industrial Astra” and “Amak” announced that they achieved growth in profits.

The shares of companies that have achieved good business results show the extent of market morale, and their need to incentives that raise the appetite of risk affected by the commercial war and the high uncertainty.

The trading value increased 6% to reach 6.9 billion riyals, and the highest “small companies” were 2.7 billion riyals, while the “large companies”, the least worth 1.7 billion riyals.

At the levels of the sectors, 11 sectors fell against the rise of the rest, and the “media and entertainment” came at the head of the high by about 3%, while the highest “investment and financing” decreased by about 1.4%, and the highest “basic materials” of 1.4 billion riyals.