Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Abdullah A. M. Al-Khodari Sons Co. expects financial statements for fiscal year (FY) ending on Dec. 31, 2018 to be posted before the end of July 2019, the company said in a bourse statement.
2) Saudi market regulator, Capital Market Authority (CMA), imposed a fine of SAR 10,000 on Tabuk Cement Co. and Bank Albilad each due to violating the law, according to an official statement.
3) Foreign investors – including strategic partners – raised their ownership in the Saudi Stock Exchange (Tadawul) by 0.02 percent, hitting a fresh all-time high of 7.54 percent in the week ending July 11, 2019.
4) Itqan Capital has initiated coverage of Mouwasat Medical Services Company (Mouwasat) with an “overweight” rating, setting the stock’s target price at SAR 102.40 per share, the investment firm said in a recent report.
5) Brent crude on Tuesday gained 7 cents to reach $66.55/bbl, while WTI crude also increased 1 cent to reach $59.59/bbl.
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