RIYADH: Saudi Arabia’s inventory change ended its five-day successful streak to shut barely decrease on Sunday, monitoring Friday’s drop in oil costs.
TASI, the principle index, edged down 0.11 % to 11,975, whereas the parallel Nomu market rose 0.46 % to 21,056.
Fellow GCC bourses have been blended. Bahrain led the gainers because it added 0.7 %, Oman and Qatar adopted with a 0.6 and 0.3 % achieve, respectively, whereas the Kuwaiti index slipped 0.3 %.
Aside from the GCC, Egypt’s EGX30 snapped positive aspects from every week earlier to shut 0.2 % down.
Oil costs prolonged losses on Monday, with Brent crude falling to $102.58 a barrel and US West Texas Intermediate reaching $93.89 a barrel as of 9:20 a.m. Saudi time.
Inventory information
United Worldwide Transportation Co. signed an preliminary deal to probably purchase a 70 % stake in Abroad Growth Co.’s subsidiaries in Saudi Arabia, UAE, and Kuwait
Pink Sea Worldwide Co.’s shareholders accredited a 50 % capital discount to SR302 million ($80 million)
Unitholders of Taleem REIT Fund will obtain a money dividend of SR0.18 per unit for the second quarter of 2022
Ladun Funding Co. obtained SR100 million financing from Financial institution Albilad
Saudi Ceramic Co. reported a 33 % revenue drop to SR89 million for the primary half of 2022
Saudi Cable Co. invited its shareholders to vote on the board’s advice to cut back the corporate’s capital by 74.6 %
Anaam Worldwide Holding Group introduced the expiry of the memorandum of understanding to purchase 55 % of Abu Zaid Eating places Co.’s shares
Naseej for Expertise Co. was awarded a SR13 million undertaking for cloud migration and to develop college students’ e-services on the Technical & Vocational Coaching Corp.
Saudi Paper Manufacturing Co.’s income surged by 17 % to SR34 million throughout the first half of 2022
Calendar
July 28, 2022
Finish of Saudi Networkers Companies Co.’s IPO subscription
August 14, 2022
Saudi Aramco will announce its monetary outcomes for the second quarter of 2022
