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

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

RIYADH: Saudi stocks advanced on Monday as investors awaited further first-quarter earnings results, despite a drop in global stocks. The main index, TASI, finished 0.37 percent higher at 13,733, and the parallel market, Nomu, slightly edged up by 0.09 percent to 24,214. Apart from the Saudi index, fellow GCC stock exchanges, including Abu Dhabi, Dubai, Qatar, Oman, Bahrain, and Kuwait, all went down. Egypt’s EGX30 index inched 0.2 percent higher. Oil prices rose on Tuesday as Brent crude reached $113.06 per barrel and US benchmark WTI traded at $107.93 at 9:02 a.m. Saudi time. Saudi Arabia’s Kingdom Holding Co. saw its profits skyrocket by 6,407 percent to SR5.9 billion ($1.6 billion) in the first quarter of 2022 Amana Cooperative Insurance Co. submitted a filing to the Saudi central bank to increase its capital from SR130 million to SR430 million by offering rights issues Yamama Cement Co. saw its profit decrease by 46 percent to SR29 million during the first quarter of 2022 Sahara International Petrochemical Co. posted a 162 percent surge in profit to SR1 billion in the first quarter of 2022 Taiba Investments Co.’s shareholders approved the board's proposal to distribute SR4 per share as dividends for the third