RIYADH: Saudi Arabia’s main stock index TASI started trading week higher on Sunday in line with rising oil prices, which recorded their sixth weekly gain last week amid concerns over tight supplies.
TASI edged up by 0.66 percent to 12,259 points, and the parallel Nomu market was down 0.65 percent to 25,492 points.
Bourses of Qatar, Oman, and Egypt were all down between 0.1 and 0.5 percent.
Bahrain’s BAX ended the session flat, while Kuwait’s BKP index inched up by 0.1 percent.
On Friday, Dubai’s DFMGI and Abu Dhabi’s FTSE ADX general index were both up, by 1 and 0.4 percent, respectively.
As of 9:20 a.m. Saudi time, Brent crude oil crossed $91 per barrel, and US benchmark WTI crude oil rose to $87.8 per barrel.
Stock news
- FAS Labs Limited Co. has obtained the Saudi Central Bank’s preliminary approval to establish a SR55 million ($14.65 million) company, leveraging the latest technology to offer microfinance solutions
- Saudi Electricity Co.’s shareholders have approved the transfer of the company’s ownership in Saudi Power Procurement Co. to the government
- Sadr Logistics Co. has purchased a plot of land in the Industrial Gate City of Riyadh for a total of SR27.2 million
Calendar
Jan. 31, 2022
Start of Scientific and Medical Equipment House’s retail tranche offering
Feb. 3, 2022
Saudi Chemical Co. will distribute cash dividends at SR0.5 per share for the first nine months of 2021
End of Scientific and Medical Equipment House’s retail tranche subscription
Start of Elm Co.’s retail tranche offering
