Arab News, Tuesday, Jan 11, 2022 | Jamada Al-Aakhirah 8, 1443
What to know before Tadawul’s opening bell on January 11
Saudi Arabia:
The Saudi stock exchange was up for the second
consecutive day in the previous session, despite nearing 5000 COVID-19 cases in
24 hours.
The Kingdom saw two deaths from COVID-19 and 4,778
new infections on Monday, statistics by the Saudi Health Ministry revealed.
TASI recorded gains amounting to 0.9 percent to
close at 11,665 points, its highest value since November. The parallel market
Nomu remained flat at 25,846 points.
All Gulf indexes recorded gains, except for Abu
Dhabi’s ADI which fell 1 percent, and Bahrain’s BAX, edging down 0.2 percent.
Bourses of Dubai, Qatar, Oman, and Kuwait all rose
in the range of 0.1 to 0.5 percent.
Elsewhere in the Middle East, the Egyptian index
EGX30 was up 0.4 percent.
In energy trading, Brent crude settled at $81.3
per barrel, while US WTI crude oil reached $78.8 per barrel as of 8:26 a.m.
Saudi time.
Stock news
East Pipes Integrated Co.’s IPO book-building
process starts today and will run through Jan. 17. The price range has been set
at SR72-80 ($19-21) per share
Alhasoob Co. has obtained a short-term loan
worth SR7.5 million from Al Rajhi Bank to aid the company’s expansion plan
United Electronics Co., known as eXtra, posted
its highest-ever estimated annual profit for the fiscal year 2021, standing at
SR397 million
Calendar
Jan. 11, 2022
Start of East Pipes Integrated Co.’s initial
public offering book-building process
Jan. 12, 2022
Al Yamamah Steel Co. will start distributing
dividends at SR1 per share for the second half of 2021
Jan. 13, 2022
Last day to subscribe to Allied Cooperative
Insurance Group’s rights issue
Jan. 17, 2022
End of East Pipes Integrated Co.’s initial
public offering book-building process