All you need to know before Tadawul’s opening bell on Tuesday

RIYADH: Saudi Arabia’s main index, TASI, ended higher for a second consecutive day in the previous trading session, up 0.37 percent to 12,249 points, as the earnings wave continued.

The parallel market Nomu edged 0.14 percent lower to 25,281 points, led by glass manufacturer Obeikan on debut.

Elsewhere in the Gulf, stock indexes of Abu Dhabi, Qatar, Oman, and Kuwait all closed flat, while Dubai’s DFMGI and Bahrain’s BAX advanced 0.6 and 0.4 percent, respectively.

The Egyptian blue-chip index EGX30 dropped by 1.2 percent.

In energy trading, oil prices slipped. Brent crude reached $92.9 per barrel, and US benchmark WTI surged to $91.6 per barrel as of 8:52 a.m. Saudi time on Tuesday.

Stock news

Leejam Sports Co. has appointed Adnan Al-Khalaf as CEO effective Feb. 13, 2022, after ending the assignment of Anthony Elliot

Tihama Advertising and Public Relations Co. announced its board’s proposal to reduce capital by SR125 million ($33.3 million) then increase it by SR350 million through a rights issue

Sadr Logistics Co. announced the resignation of its CEO Abdulrahman Al-Hadlaq and the delegation of Bandar Al-Samaani to handle the duties of the CEO until a replacement is appointed

Saudi retailer Abdullah Al-Othaim Markets Co.’s net profit declined by 32 percent in 2021

Banque Saudi Fransi reported a 123 percent profit surge during 2021, driven by a reduction in cost

Leading franchise retailer Fawaz Abdulaziz Alhokair Co. turned into profits of SR82.7 million during the nine months ending Dec. 31

Almarai Co. announced that its subsidiary, Western Bakeries Co., acquired an additional 25 percent stake in Modern Food Industries, for SR250 million, making it the full owner of the latter

Alkhabeer Capital received approval from the Capital Market Authority to register Alkhabeer Growth and Income Traded Fund on the Saudi stock exchange

Bank Albilad got the CMA’s approval to boost its capital to SR10 billion through granting bonus shares to eligible shareholders

Arabian Pipes Co. obtained the CMA’s nod for a capital reduction from SR400 million to SR100 million

Saudi Industrial Export Co. has also received approval from the CMA to reduce its capital to SR21.6 million