Here’s what you need to know before Tadawul trading on Sunday

Here’s what you need to know before Tadawul trading on Sunday

RIYADH: Saudi Arabia’s stock market ended the previous week on a high note as its first-half earnings season came to an end. The main benchmark index TASI surged 1.2 percent to finish at 12,591 on Thursday, while the parallel Nomu market settled flat at 21,631. Dubai’s bourse advanced 1.2 percent, followed by Abu Dhabi and Qatar with a 0.2 and 0.7 percent gain, respectively. The Bahraini bourse was flat at the session’s close, while Oman and Kuwait edged slightly lower. Outside the Gulf, the Egyptian blue-chip index soared 1.8 percent. Brent crude rebounded to exit the week at $100.99 a barrel, as investors eyed potential OPEC+ output cuts. US West Texas Intermediate also settled higher at $93.06 a barrel. Saudi National Bank announced the commencement of its additional riyal-denominated sukuk offering on Aug. 28 Abdulmohsen Alhokair Group for Tourism and Development managed to cut down its losses by 49 percent during the first half of 2022 Maharah Human Resources’ unit received the General Authority of Competition’s nod to proceed with acquiring a stake in Care Shield Holding Co. Jabal Omar Development Co.’s shareholders approved a 24 percent capital increase to SR11.5 billion ($3 billion) Academy of Learning Co. will payout