السوق السعودي يرتفع للأسبوع الثالث على التوالي

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00:00 We turn to Dr. Abdullah Ba'asher, the Chairman of the Board of Directors of the Financial Consultations.

00:04 Welcome, doctor, and thank you for being here.

00:07 We are back to the last moments of the recovery of 11,755 points.

00:13 We saw the results of the presentation today.

00:16 The share price did not react well,

00:21 although the company's performance in the second quarter is better than the first quarter.

00:27 How do we evaluate the performance of the weekly market and these results?

00:31 Hello, Maysa, viewers of CNBC.

00:37 In fact, the Saudi market is a story.

00:42 Why do I say a story?

00:44 Because if you notice, from mid-May until now,

00:48 we are talking about ten weeks or two months,

00:52 it is in the Saudi direction.

00:54 But this Saudi trend sometimes occurs in a low and high rate,

00:59 and this is a natural and healthy result.

01:03 First, we are in a period when many financial institutions are publishing their expectations.

01:10 These expectations may give some incentives, whether by going out or entering.

01:15 This is an influential factor.

01:17 Some companies that always have a leadership in advertising their results,

01:22 and some companies that have been in the lead for ten years,

01:28 have also been affected by the announcement that there is a deficit.

01:33 But this deficit is different from the first quarter.

01:37 This means that financial analysis and financial estimates are an improvement,

01:42 not the opposite.

01:45 This is another factor.

01:47 The real factor that happened in the past two days,

01:52 and it may attract more attention,

01:54 is that it gives you a perspective that is expected, not predicted.

01:57 Because there is a difference between expectation and prediction.

02:00 The expectation is that a deal was made on BankSap,

02:04 and today the deal is on Riyadh or any other place.

02:09 So in the Riyadh sector.

02:12 In the banks sector, I think there is a tendency to build centers.

02:19 If you notice the move that was made yesterday in Al Ahly Bank,

02:23 it gave a hint that it is heading to Saudi Arabia.

02:27 But today, the stock market took a hit as a result of the rise in yesterday's stock market.

02:34 The stock market may be out of the market.

02:37 It is one of the most difficult times to predict the market,

02:42 even for professionals.

02:47 The Oman mountain is another story.

02:50 The Oman mountain is a source of income.

02:54 So this is a recurring demand.

02:57 It has achieved a cost of about 130 to 500 million.

03:03 That is about 300 million.

03:07 It is a recurring demand, but in companies with heavy assets,

03:11 it is a good investment because the return on land sales is about three times.

03:19 It was 130 and sold for 500.

03:22 So why are the rich looking for investment in strong assets like land?

03:30 The results for the advanced sector,

03:34 is it a sign that it can be compared to the rest of the petrochemical sector?

03:38 Because most of the experts today have presented their view that the sector will remain under pressure.

03:43 We heard from Mr. Khalifa Al-Milham that even China surprised the markets,

03:50 including the petrochemical sector, by not returning to activity as expected.

03:54 The advanced sector is not much compared to other European markets.

04:00 The petrochemical sector is before the actual operation of the expected markets and financial companies,

04:09 or even analysts.

04:11 Why? Because the economic situation in this sector is still not recovered after the coronavirus outbreak.

04:18 It was added to by the Russian-Ukrainian war.

04:25 So the two factors are important and crucial.

04:28 In addition to the interaction between OPEC+ and consumers under the leadership of the US and European markets.

04:38 So if you notice, and this is where the so-called political economy comes in,

04:43 the political economy is to price some products according to your political and not economic directions.

04:53 So the real petrochemical sector has entered into a political price more than an economic price.

05:01 This is one.

05:02 Your question is, can we measure the advanced results on the rest of the sectors,

05:10 including the petrochemical sector and the oil and gas sector?

05:15 Of course not. Why?

05:17 Because the production and the goods are different.

05:20 The production energy is different.

05:22 The structure of the companies is different.

05:25 I have a company that is advanced, while the other companies are single.

05:31 Two years ago, there was a merger between Sahara and Chemia, if I remember correctly.

05:38 So there was a merger of two companies.

05:41 As happened in banks.

05:42 If you notice, the results of the family banking and the results of SAAB,

05:47 which had a merger two or three years ago, are not the same as the results of the three years ago.

05:53 So even the comparison in the financial lists cannot be taken after the main event in the same previous year.

06:03 The fundamental analysis always comes from you, Dr. Abdullah Ba'asheh.

06:08 We are sorry for our tight schedule due to the closure of the Egyptian markets,

06:12 but your presence is always an addition.

06:14 We thank you for being with us, Dr. Abdullah Ba'asheh,

06:16 the President and CEO of the Financial Consultations Fund.

06:19 You were with us from Riyadh.

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