RIYADH: Saudi Arabia’s main stock index gained 0.3 percent on Tuesday, buoyed by chemical giant Saudi Basic Industries Corp. which posted higher second-quarter profits.
TASI closed the session at 12,330, while the parallel Nomu market added 0.6 percent to 22,199.
Abu Dhabi and Dubai advanced by 0.2 and 1.1 percent, respectively, while Qatar, Oman, and Kuwait all lost between 0.1 and 0.3 percent. The Bahraini index finished flat.
Outside the Gulf, Egypt’s EGX30 closed 0.8 percent lower.
Oil prices retreated on Wednesday, with Brent crude down to $95.65 a barrel and US West Texas Intermediate reaching $89.73 a barrel by 9:06 a.m. Saudi time.
Filling and Packing Materials Manufacturing Co.’s board proposed a SR115 million ($31 million) capital increase through a rights issue
Bupa Arabia for Cooperative Insurance Co. received final approval from the Saudi Central Bank to sell its new insurance product "Bupa Policy Benefit Upgrade" in the Kingdom
National Gas and Industrialization Co. recorded a 14 percent decline in net profit to SR105 million during the first half of 2022
Walaa Cooperative Insurance Co.’s losses widened to SR27 million during the first half of 2022, compared to SR13 million in the same period last year
Abdullah Al-Othaim Markets Co. approved the sale of SR211 million worth of land owned by the company in Al-Madinah Al-Munawarh
Al-Jouf Agricultural Development Co. saw its profits jump 203 percent during the first half of 2022 to SR22 million
Al-Jouf Agricultural will distribute cash dividends of SR0.5 per share to shareholders for the first half of 2022
Saudi miner Almasane Alkobra Mining Co.’s profits dropped 11 percent to SR82 million during the first half of 2022
Southern Province Cement Co. reported a 42 percent profit drop to SR150 million for the first half of 2022
Profits of Theeb Rent a Car Co. rose by 68 percent to SR86 million during the first half of 2022
Baazeem Trading Co.’s half-year profit was down 8.5 percent to SR13.4 million
Shareholders of Baazeem Trading Co. are set to receive SR0.7 per share in cash dividends for the first half of 2022
August 14, 2022
Saudi Aramco will announce its financial results for the second quarter of 2022
Close of Naba Alsaha Medical Services Co.’s IPO subscription