Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Etihad Etisalat Co. (Mobily) reported a net profit of SAR 156 million in the first nine months of 2019 compared to a net loss of SAR 202.9 million in the same period last year.
2) The Saudi Stock Exchange (Tadawul) has lifted a trading halt on shares of Alujain Corp. as of Oct. 20, 2019.
3) Yanbu National Petrochemical Co. (Yansab) reported a net profit after zakat and tax of SAR 918.8 million for the first 9 months of 2019, a 57.86 percent year-on-year (YoY) decrease.
4) United Electronics Co. (eXtra) has received an insurance claim worth SAR 24.2 million against the fire incident of Tahlia Store on May 28, 2018.
5) Saudi Kayan Petrochemical Co. reported a net loss after zakat and tax of SAR 469.4 million for the first nine months of 2019, compared to a net profit of SAR 1.81 billion a year earlier.
6) Al Kathiri Holding Co. said in a bourse statement that civil work for the establishment of Alian Factory to produce reinforced polystyrene sheets have commenced.
7) Brent crude on Monday dropped 17 cents to reach $59.25 per barrel whereas WTI Crude also decreased 11 cents to reach $53.67/bbl.
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