6 things to watch on Tadawul today

07/05/2019 Argaam

 

Here are a few things you need to know as Saudi stocks start trading on Tuesday.

 

1) Seera Group Holding (formerly, Al Tayyar Travel Group) posted a 40 percent drop year-on-year (YoY) in net profit after zakat and tax to SAR 47 million for Q1 2019 due to competitive pricing.

 

2) Saudi Automotive Services Co. (SASCO) reported a net profit after zakat and tax of SAR 8.9 million for Q1 2019, an increase of 2.7 percent year-on-year (YoY).

 

3) National Medical Care Co. reported a net profit after zakat and tax of around SAR 30 million for the first quarter of 2019, a 17.13 percent year-on-year (YoY) increase.

 

4) Alawwal Bank posted a 23.3 percent drop year-on-year (YoY) in net profit to SAR 219.5 million for Q1 2019 due to higher operating expenses and credit impairment losses.

 

5) The total value of assets held by investment funds in Saudi Arabia grew by 7 percent quarter-on-quarter (QoQ) to SAR 119.8 billion in Q1 2019, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.

 

6) Brent crude on Tuesday gained 7 cents to reach $71.31/bbl, while WTI crude also increased 19 cents to $62.44/bbl.

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