Arab News, Tuesday, Jan 18, 2022 | Jamada Al-Aakhirah 15, 1443
All you need to know before Tadawul opens amidst winning streak
Saudi Arabia:
Saudi Arabia’s main TASI index ended higher for
the seventh straight session on Monday, buoyed by optimistic investor sentiment.
TASI advanced
to close at 12,166 points, while the parallel market Nomu edged
down by 0.4 percent.
Nomu is to see two new company listings today
of Alwasail Industrial Co. and AME Co. for Medical Supplies.
Gulf stock exchanges saw a mixed performance on
Monday, led by TASI and Kuwait’s
BKP,
both up 0.5 percent.
Next, the Qatari index QSI added
0.3 percent, while Bahrain’s BAX was
flat. Bourses of Abu Dhabi, Dubai, and Oman edged lower.
Elsewhere in the Middle East, the Egyptian index EGX30 closed
0.2 percent higher.
The oil market was up in early trading. Brent crude
reached $87.6 per barrel and US WTI crude
oil crossed $85 per barrel as of 9:00 a.m. Saudi time.
Stock news
Smart Cities Solutions Co., subsidiary of Batic
Investments and Logistics Co., has sealed a SR422 million ($113 million) deal
for a smart parking project in Buraydah
Amana Cooperative Insurance Co. has announced
its board’s recommendation to increase capital through a rights issue, with a
target amount of SR300 million
Saudi Public Transport Co., also known as
SAPTCO, has appointed Musad Bin Abdulaziz Aldaood as Vice Chairman for three
years starting on Jan. 1, 2022
Aldrees Petroleum and Transport Services Co.’s
board recommended SR1.5 dividend per share for the fiscal year 2021
Mouwasat Medical Services Co.’s board
recommended dividends at SR2.75 per share for 2021