RIYADH: Saudi Arabia's stock market gained on Sunday as the non-oil private sector continued to grow in May in spite of rising output costs.
The main index, TASI, closed 0.40 percent higher at 12,656 , while the parallel market, Nomu, closed 1.30 percent lower at 22,547.
Qatar's stock exchanges gained in line with Saudi Arabia, as the QSI index gained 0.1 percent, while Bahrain’s BAX index and Oman’s MSX30 index both declined 0.2 percent.
Elsewhere in the Middle East, the Egyptian index dropped 0.2 percent.
In the energy sector, Brent crude rose 0.68 percent to reach $120.53 per barrel, while WTI crude gained 0.62 percent to $119.61 per barrel as of 9:00 a.m. Saudi time.
Stock news
Aseer Trading, Tourism, Industry, Agriculture, Real Estate and Contracting Co. announced changing its name to Sinad Holding Co.
Bupa Arabia for Cooperative Insurance Co. has recommended a dividend of SR4.50 for 2021.
Shareholders of Enma AlRawabi Co. rejected the proposal to distribute SR0.50 per share as cash dividends for 2021.
Saudi Advanced Industries Co. has named Abdullah AlJuraish as chairman and Abdullah AlHomaidi as vice chairman of the board.
Alujain Holding Corp.’s board plans to distribute SR1.5 in cash dividends for the first half of 2022.
Yanbu National Petrochemical Co. declared SR1.5 in cash dividends for the first half of 2022.
Shareholders of Sadr Logistics Co. have endorsed the board's recommendation to not distribute cash dividends for 2021.
FAS Labs, Arabian Centres-Alhokair joint venture, signed an agreement to sell 35 percent stake in FAS Finance to valU, a subsidiary of EFG Hermes.
Calendar
June 6, 2022
End of Saudi Real Estate Co.’s rights trading
End of Retal Urban Development Co.’s IPO retail subscription
June 9, 2022
Close of Saudi Real Estate Co.’s new shares subscription
