RIYADH: Saudi Arabia’s stock market ended flat at the closing bell last Thursday as investors saw a wave of earnings announcements that led to cautious trading, despite a rally in the energy market.
The main TASI index closed at 12,179 points and the parallel market Nomu ended at 25,660 points.
Main indexes of Qatar, Oman, and Kuwait edged up between 0.1 and 0.2 percent, while Bahrain’s BAX slipped by 0.2 percent.
On Friday, Dubai’s DFMGI and Abu Dhabi’s FTSE ADX general index were both up by 1 and 0.4 percent, respectively.
In early trading, Brent crude oil surpassed $90 per barrel, and US benchmark WTI crude oil rose to $86.8 per barrel on Friday.
Stock news
- Methanol Chemicals Co., better known as Chemanol, has seen its estimated annual earnings swing into profits of SR244 million ($65 million) in 2021
- Mobile Telecommunication Co. Saudi Arabia, also known as Zain KSA, posted a 17.7 percent decline in its 2021 profits to reach SR214 million on an annual basis
- Saudi National Bank, the Kingdom’s biggest lender, said its board has recommended cash dividends of SR0.9 per share for the second half of 2021
- Petrochemical firm SABIC Agri-Nutrients Co. reported a nearly fourfold jump in its profits in 2021, hitting SR5.23 billion
- Saudi Arabia’s largest food chain, Herfy Food Service Co. has seen over a threefold rise in its estimated annual profit for 2021, after a surge in its sales during the pandemic
- Saudi Airlines Catering Co. has appointed Mohammed Sarhan as board chairman and Raed Mudaiheem as vice chairman of the board of directors for a three-year term
- Arabian International Healthcare Holding Co., or Tibbiyah, has set its initial public offering price range between SR74 and SR82, according to a statement by Aldukheil Financial Group
- Digital security firm Elm Co. has announced its final offer price at SR128 per share upon completion of the book-building period by Riyad Capital
Calendar
Jan. 30, 2022
National Co. for Glass Industries, known as Zoujaj, will distribute SR16.5 million cash dividends – SR0.5 per share – for the fiscal year 2021
Start of Arabian International Healthcare Holding Co.’s, or Tibbiyah, book-building
Jan. 31, 2022
Start of Scientific and Medical Equipment House’s retail tranche offering
Feb. 3, 2022
Saudi Chemical Co. will distribute cash dividends at SR0.5 per share for the first nine months of 2021
End of Scientific and Medical Equipment House’s retail tranche subscription
Start of Elm Co.’s retail tranche offering
Feb. 6, 2022
End of Elm Co.’s retail tranche subscription
Bawan Co. will distribute cash dividends SR0.75 per share for the second half of 2021
