RIYADH: Saudi stocks extended losses in the previous trading session, as investors saw another busy week of earnings and the oil market, which is a key indicator for the oil-rich nation’s stocks, slipped.
At the closing bell, TASI was down 0.17 percent to 12,205 points, and the parallel market Nomu edged down by 0.13 percent to 25,332 points.
Most bourses saw gains on Wednesday, led by Qatar’s QSI and Dubai’s DFMGI, both up around 1 percent.
Stock indexes of Abu Dhabi, Bahrain, and Egypt advanced between 0.4 and 0.7 percent, while those of Oman and Kuwait were down.
In energy trading, Brent crude reached $91.59 per barrel, and US benchmark WTI traded at $89.7 per barrel as of 7:32 a.m. Saudi time.
Stock news
- Saudi Arabia’s Riyad Bank has completed the offering of US dollar-denominated Sukuk at $750 million
- Saudi Somou Real Estate has signed a SR44 million ($11.7 million) construction deal for a land in Dammam city
- Tihama Advertising and Public Relations Co., saw its losses shrink by 18 percent in the last nine months of 2021
- Saudi developer Jabal Omar Development said it submitted a request to delay its payments to Alinma Makkah Real Estate Fund
- Methanol Chemicals Co.’s board has decided to withdraw its capital increase file as it saw an improvement in the company’s financial position
- Saudi digital security firm Elm has completed its retail offering with 1,311 percent oversubscription, generating up to SR12.09 billion
- Mulkia Gulf Real Estate REIT Fund has completed the first phase of a SR335 million acquisition of a property in Riyadh
Calendar
Feb. 10, 2022
Saudi Investment Bank, or SAIB, will distribute dividends of SR0.7 per share for 2021
Feb. 14, 2022
Arabian Centres Co. is to distribute cash dividends at SR0.75 per share for the first half of the fiscal year ending Sept. 30, 2021
Feb. 15, 2022
Tibbiyah, formally known as Arabian International Healthcare Holding Co., will start IPO individual investors’ subscription
Feb. 17, 2022
End of Tibbiyah’s IPO individual investors’ subscription
