Here are a few things you need to know as Saudi stocks start trading on Monday.
1) The enhancements on negotiated deals and fluctuation limits mechanism for newly listed securities on the main market and all listed securities on Nomu-Parallel market came into effect from Nov. 8, 2020.
2) Al-Hassan Ghazi Ibrahim Shaker Co. reported a net profit after Zakat and tax of SAR 6.2 million for the first nine months of 2020.
3) Arab Sea Information System Co.’s net loss after Zakat and tax stood at SAR 8 million for 9M 2020.
4) Alkhaleej Training and Education Co. reported a net profit after Zakat and tax of SAR 15.6 million for 9M 2020, down 8% year-on-year (YoY).
5) National Metal Manufacturing and Casting Co. (Maadaniyah) narrowed net loss after Zakat and tax to SAR 21 million for 9M 2020.
6) Arab National Bank’s (ANB) net profit fell 28% YoY to SAR 1.798 billion for 9M 2020.
7) SABB Takaful Co. widened net loss before Zakat to SAR 17.5 million in 9M 2020.
8) Jazan Energy and Development Co. (JAZADCO) turned to a net profit after Zakat and tax of SAR 9.6 million for 9M 2020.
9) Saudi Re for Cooperative Reinsurance Co. (Saudi Re) reported a net profit before Zakat of SAR 35.1 million for 9M 2020, a 38% YoY decline.
10) Brent crude on Monday gained $1.07 to reach $40.52 per barrel. WTI crude also increased $1.06 to reach $38.20/bbl.
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