27/06/2012
A financial analyst said that the Saudi market is experiencing a period of announcements for the results of the second quarter, which is characterized by a quiet movement of trades, and he expected to see the market active, especially with the approach of the month of August, which studies have shown that it witnesses the second strongest monthly performance in the history of the Saudi Capital Market which comes after the month of April, which witnessed the strongest monthly performance. He expected a significant improvement in the movement of the market after the quarterly declarations and witness the month of Ramadan especially notable gains in corporate leadership.
He explained that the market in a very encouraging investment situation and it is expected to announce positive results. The general index of the Saudi market had closed tradings yesterday, up 13.5 points, or 0.20 percent to close at 6696.84 points.
