RIYADH: Saudi Arabia’s main stock market, Tadawul, gained on Sunday as it reopened after the Eid break amid rising oil prices.
TASI, the main index, added 0.6% to 13,820 points, while the parallel market Nomu fell 1.5% to 23,547 points.
Elsewhere in the Gulf, stock markets in Qatar, Bahrain, Oman and Kuwait all fell slightly.
Egypt, on the other hand, recorded gains of 0.6%.
Oil prices extended their gains on Monday after posting their second consecutive week of gains a few days earlier.
Brent crude oil hit $112.7 a barrel and the US benchmark WTI reached $109.92 a barrel at 8:04 a.m. KST.
Stock market news
Al Rajhi Bank shareholders approved board recommendation to raise capital to SR40 billion ($10.7 billion) and distribute cash dividends of SR1.4 per share for 2021
Halwani Bros Co. reported a 22% drop in profit to SR 19.7 million in the first quarter as global inflation increased its cost burden
Al Khaleej Training and Education Co. appointed Abdul Aziz Al-Rashed Chairman of the Board and Ahmed Al-Shadawi Vice Chairman
National Gas and Industrialization Co. Signed Initial Agreement with Makeen Energy to Increase Operational Efficiency and Strengthen Investments in Gas Supply Sectors
The Board of Amana Cooperative Insurance Co. has proposed to raise capital through a SR300 million rights issue to support the company’s future plans
Al-Rajhi Cooperative Insurance’s net profit fell 40.5% to SR40 million in Q1
Shares of Saudi Cable Co. will be suspended from trading from Monday until the publication of its 2021 annual financial results
Zamil Industrial Investment Co. announced the resignation of its CEO Abdulla Al-Zamil and the appointment of Mohammed Al-Sahib with immediate effect
Zamil Industrial has also appointed Abdulla Al-Zamil as Chairman of the Board and Bander Al-Zamil as Vice Chairman for a three-year term.
Alkhabeer REIT unitholders are expected to receive quarterly dividends of SR17.6 million in total for the period ending March 31
May 11, 2022
Launch of the IPO of Arabian Food & Dairy Factories Co.
May 15, 2022
Saudi Aramco to Release First Quarter 2022 Financial Results
End of the IPO of Arabian Food & Dairy Factories Co.
May 22, 2022
Beginning of the IPO of Amwaj International Co.
May 25, 2022
Completion of Amwaj International Co.’s IPO.