The Saudi companies listed in the local stock market will begin to announce after about 10 days from now its financial results of the first half of the current year. The local investors and foreign financial organisations are looking forward eagerly to see those results. The financial results of the Saudi companies during the first half of this year is expected to be near the financial results of last year, on the same time the preliminary indicators indicated the improvement of the total financial results of the listed companies in the second quarter of this year by 3% to 5% comparing with the first quarter of the same year. The drooping of the Saudi stock exchange index for four consecutive weeks participated in the reduction of PE total to 19.5, which means that the stabilization of the market indicator and the improvement of the financial results of the listed companies will make it more attractive to the investment liquidity. Some of the Saudi traders see that the financial results of the second quarter of the current year represent the fork of the future of the market indicator related to the next quarter so the financial results improvement will lead the market indicator during this period to be stable over the levels of 10000 points again.
Financial results of Saudi companies
