السوق السعودي يتراجع للجلسة الثانية على التوالي
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00:00 the latest developments in the Saudi market.
00:02 We join Mr. Ibrahim to the podium of the CEO of Kaseb Financial.
00:06 Mr. Ibrahim, welcome to us and thank you for being here.
00:09 The pressure continued in today's session for the loss of 11,400 points.
00:15 The liquidity remained less than 5 billion.
00:18 But today, how do we explain the continuation of this pressure,
00:21 despite the rise of the second session on the balance of oil prices
00:25 and the lack of response from the market to these gains?
00:28 Welcome, Mr. Ibrahim.
00:30 Welcome, Ms. Maysa.
00:32 I am happy to be here.
00:34 Welcome.
00:35 Indeed, the market continued to decline and became a level of 11,500 resistance.
00:42 It is back to the level of 11,300.
00:46 Now we are trapped between these two points.
00:49 11,300 to 11,500 for about two weeks.
00:55 The market is going to the second week in this horizontal path.
01:01 The rise in oil prices does not give the table that the market prepares for a recovery,
01:12 especially in the liquidity issue.
01:14 There are other moving factors that may affect it more than the rise in oil prices.
01:21 The two main factors that affect the performance of the Saudi market and the markets in general
01:31 are the performance in China and the economic activity in China.
01:39 The other thing that concerns many is the prices of interest,
01:45 the federal community's expectations and the results of inflation,
01:51 which was recently announced in the United States,
01:54 and rose from 3.1 to 3.3,
01:57 knowing that there are positive results in terms of unemployment and consumption in the market.
02:05 This is what affects the market activity in general from the end of July to the middle of August.
02:20 If we look at China's movements, which are the most oil-interested,
02:26 Mr. Ibrahim, today the bank is heading to a reduction in interest rates for five years,
02:36 which may be the basis for the real estate tax in China.
02:42 Do you think this reduction is a direction for a real recovery for China?
02:50 And will we see a rise in the demand for oil again?
02:56 If we look at the level of interest that China has reached after the last decline,
03:02 it is the same level as it was at the beginning of 2020.
03:07 This is a very low level.
03:11 China is still looking for a possibility of returning to normal activity in China.
03:20 The schedule for this reduction will be clear in the coming period,
03:26 but the truth is that during the previous periods,
03:29 the reduction that happened 25 points previously and now 10 points,
03:34 we have noticed that it is a decline in the Chinese market.
03:43 Today, the fear seems to be that after the S&P 500 joined Moodle,
03:50 the US banks will be reduced.
03:54 Mr. Ibrahim, is the Saudi banking sector still in any kind of succession to the international banking sector,
04:01 and specifically the United States, in your opinion?
04:05 In general, the Saudi market and the banking sector in Saudi Arabia,
04:10 to a large extent, based on the coverage ratio and good coverage and the banks' needs at the moment,
04:18 still have good levels, higher than the levels in the US.
04:23 But will this affect in the end?
04:27 Especially in the next quarter, the third quarter, as usual,
04:32 the banks will always have fewer results than the second quarter.
04:37 This is what happened to me, that the results of the banks are affected by the season in the third quarter.
04:43 Today, if we want to talk about the process of forming a stock market according to the current levels,
04:51 how should the investors' stock market be distributed?
04:54 Will the major securities be more focused on the leadership,
05:00 or will there be a greater use of the price levels than the shares?
05:05 A great question, Ms. Maysa.
05:08 Indeed, today, the most important thing for investors is to focus on the shares in the coming period.
05:17 In fact, with the announcement, in my opinion, with the announcements that were not up to expectations in the second quarter,
05:25 of the results of the companies in general,
05:27 we can say that there was a good distribution of profits for many of the shares.
05:33 With the results that were not at the required level, but the distribution was at a level higher than expected.
05:39 What makes the profits of these shares at the level of the shares is a decrease in many of the shares
05:51 that will be distributed in September, for example, Aramco.
05:55 Today, the level of the shares is considered good compared to the profits that were announced in the second quarter.
06:01 Also, the previous shares were announced in the distribution of profits, and the STC also announced that it will continue to distribute profits.
06:09 Therefore, today, the diversity, frankly, between the main stock market and the defense markets,
06:15 may be at the levels that are now available, with the distribution of profits expected in the coming period,
06:21 is considered at a good level, and at a level that we believe is at the end of the curve, a safe level,
06:28 as well as expected in the coming period at the level of the Saudi economy,
06:32 which is greatly isolated from what is happening in many economies around the world.
06:37 We thank you, Mr. Ibrahim Al-Nuwaib, CEO of the company Kasab Al-Maliyah.
06:41 You were with us from Riyadh. Thank you.
06:44 Thank you.