Get started

Saudistock

DON'T BUY 1120 NOWDear Saudi Traders and Investors, As you have read on the title, don't buy 1120 this week, you can see on the chart, the price is currently on the tough resistance we have at 83.2, since it has a high volume, we must wait for the price to give us a confirmation that it will continue on its way up. If not this MIGHT be a pullback, however there's a high probability of going higher. To play it safe wait for the confirmation. Don't hesitate to task in case you got furder questions!
TADAWUL:1120Long
by YassineAnalysis
Quick analysis on 2010Dear saudi Traders/Investors, someone asked me the other day via DMs if it's the time to buy 2010, I answered and I said why not to bring it to the public after that all my customers recieved the information 2 weeks ago. Well, as you notice on the chart, the price currently is heading short towards the support line, to buy it, you must wait until the price breaks throught the resistance level to have a safe and clear entry. Let me know if you have any questions.
TADAWUL:2010Long
by YassineAnalysis
Quick analysis on 2222Good evening dear Saudi traders! 2 months ago, I posted to buy 2222 (ARAMCO) at the perfect entry point, today thanks to god the market is going on its way up after breaking the level 0.5 of the pitchfork that's simulated by the blue line, now it's on its way up to reach the level 0. Keep holding your positions for now. I can't share the pitchfork analysis to the public that's why I simulated the levels with the blue lines. Don't hesitate to ask in case you have any question!
TADAWUL:2222Long
by YassineAnalysis
Aramco eyes diversification after record Q2 income Is Saudi Aramco (TADAWUL: 2222) looking to diversify its income sources after soaring oil prices helped it deliver record-high earnings in the second quarter? Saudi Aramco saw its net income nearly double during the three-month period to 173.80 billion Saudi riyals ($46.28 billion) from 90.90 billion riyals. President and CEO Amin Nasser said increasing demand for the company's products made the record-high earnings possible, adding that it also benefitted from favorable market conditions stemming from strong global crude oil prices. But as oil prices begin to cool down, Saudi Aramco has set its sights on improving its technology and generating products from different sources. Reaching New Heights Saudi Aramco formally listed on the Saudi Stock Exchange Dec. 11, 2019. Upon its debut, it became the most valuable listed company with a market capitalization of $1.9 trillion. It was eventually dethroned by Apple (NASDAQ: AAPL), but thanks to oil price hikes, it reclaimed the title in May with a market value of $2.43 trillion against Apple's $2.37 trillion. Every movement in the company's price is heavily reliant on oil and energy prices. Saudi Aramco saw major growth when oil prices reach multi-year highs at the beginning of the second half. When war broke out between Russia and Ukraine, oil prices had another boost. Nowadays, industry observers aren't as bullish. Last week, oil prices tumbled amid fears that demand could weaken due to an impending economic slowdown, Reuters reported. Given this trend in oil prices, the company had been on the red, dropping nearly 3% to $39.00 since August 14. Its management does not seem fazed, however, with Nasser saying "we expect oil demand to continue to grow for the rest of the decade, despite downward economic pressures on short-term global forecasts." Off to new goals Nasser, as part of Saudi Aramco's second quarter results, said the company is working to increase production from multiple energy sources, including oil and gas, as well as renewables and blue hydrogen. "We are progressing the largest capital program in our history and our approach is to invest in the reliable energy and petrochemicals that the world needs, while developing lower-carbon solutions that can contribute to the broader energy transition," he added. Khalid Al-Falih, Saudi Arabia's Minister of Energy Industry and Mineral Resources and chairman of the Saudi Aramco's board, said the company will be on the frontline of the country's Vision 2030. He said the company "will become a much more technology and knowledge-driven organization" and that it "will seek to move, change, and expand into areas that will not only make it more agile and responsive, but also lead the industry into a better energy future."
TADAWUL:2222
by BlackBull_Markets