RIYADH: 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
Calendar
Jan. 18, 2022
- Alwasail Industrial Co. and AME Co. for Medical Supplies will debut their shares on Nomu
- Subscription to Allied Cooperative Insurance Group’s unsubscribed shares starts
Jan. 19, 2022
- Allied Cooperative Insurance Group’s rump offering ends
Jan. 20, 2022
- National Co. for Learning and Education will start paying out dividends of SR0.8 per share for the fiscal year ended Aug. 31, 2021
