Follow-ups -eshrag News:
RIYADH: Saudi stocks dropped for a second straight day on Wednesday, even as Moody’s affirmed the Kingdom’s credit rating at ‘A’ with a stable outlook.
The main TASI index lost 0.5 percent to 12,596, and the parallel market Nomu slipped nearly 0.6 percent to 22,206 despite a rise in oil prices.
As Saudi Arabia led the fall in the region, fellow Gulf Cooperation Council bourses in Dubai, Bahrain, and Oman recorded gains between 0.3 and 0.7 percent.
Stock indexes of Abu Dhabi and Kuwait edged 0.3 and o.1 percent lower, respectively, while Qatar’s QSI ended flat.
Elsewhere in the Middle East, the Egyptian index EGX30 extended gains by 1.9 percent.
In energy trading, Brent crude reached $123.53 a barrel and US West Texas Intermediate traded at $121.99 a barrel as of 9:19 a.m. Saudi time on Thursday.
Alkhorayef Water and Power Technologies Co. was awarded SR1.9 billion ($506 million) worth of deals for water quality improvement projects in the Eastern region
Ataa Educational Co. reported a 304 percent increase in profit to SR71 million in the nine months ended Apr. 30
Alamar Foods will proceed with an initial public offering of 41.7 percent of its share capital on the Saudi Exchange’s main market
Retal Urban Development’s IPO was 8.88 times covered by individual investors, generating SR1.28 billion worth of subscriptions
Shareholder of Saudi Pharmaceutical Industries & Medical Appliances Corp. approved the distribution of SR0.6 per share in cash dividends for 2021
Emma Al Rawabi Co. named Fahad Ibrahim Saad Almousa as board chairman and Abdulaziz Ibrahim Saad Almousa as vice-chairman
Natural Gas Distribution Co.’s shareholders approved the proposal to distribute SR0.5 per share in cash dividends for 2021
June 9, 2022
Close of Saudi Real Estate Co.’s new shares subscription
June 12, 2022
Arabian Food & Dairy Factories Co., known as Fadeco, will start trading its shares on Saudi Arabia’s stock market
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