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I believe your cursor may not be shown if you are sharing just an application window.
I believe if you share an entire screen, the cursor should be shown on the Screen Share.
Maybe try experimenting with both options to see what happens.
Just as a good housekeeping measure, also, make sure your Zoom client app is up-to-date in case that makes a difference.
Hope this helps.
My cursor/pointer shows up in my recordings as long as I'm screen sharing. You can also enable annotation and use the spotlight feature. It's like a laser pointer that highlights your cursor with a little red glow. The newer feature also includes a vanishing pen so that you can highlight/mark-up something on the shared screen and it will disappear after a few seconds. Please see the attached pictures.