6 things to watch on Tadawul today

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

1) United Wire Factories Co. (Aslak) reported a net profit after zakat and tax of SAR 17.2 million for the first nine months of 2019 as compared to a net profit of SAR 15.5 million in the same period in 2018.

2) Alujain Corp. incurred net loss after zakat and tax of SAR 149.7 million in H1 2019, versus net profit of SAR 126.5 million in year-earlier period.

3) Abdullah Al Othaim Markets Co. opened on Thursday a new branch in Riyadh, bringing the total number of branches in Saudi Arabia to 231.

4) The Capital Market Authority (CMA) has approved Saudi Paper Manufacturing Company’s request to reduce capital from SAR 245 million to SAR 92 million.

5) Saudi Ceramic Co.’s board of directors has approved revaluation of the useful life of its plants’ machinery and equipment.

6) Brent crude on Friday dropped 49 cents to reach $59.42 per barrel whereas WTI Crude also decreased 15 cents to reach $53.78/bbl.