7 things to watch on Tadawul today

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

1) National Commercial Bank (NCB) reported a 16.3 percent year-on-year (YoY) increase in net profit to SAR 8.01 billion in the first nine months of 2019, as compared to SAR 6.88 billion in the same period last year.

2) Mobile Telecommunications Company Saudi Arabia (Zain Saudi) reported a net profit after zakat and tax of SAR 380 million for the first nine months of 2019, versus a net loss of SAR 67 million in year-earlier period.

3) Hail Cement Co. posted a net profit after Zakat and tax of SAR 28.2 million for the first nine months of 2019, as compared to a net loss of SAR 32.1 million during the same period in 2018.

4) National Building & Marketing Co. reported a net profit after zakat and tax of SAR 8.56 million for the first six months of 2019, down 31.4 percent year-on-year (YoY).

5) Zahrat Al Waha Trading Co.’s board of directors has recommended a 7.5 percent cash dividend for the first half of 2019, at SAR 0.75 per share, amounting to SAR 11.25 million.

6) Saudi Automotive Services Co. (SASCO) reported a net profit after zakat and tax of SAR 27 million for the first nine months of 2019, an increase of 7 percent year-on-year (YoY).

7) Brent crude on Friday gained 35 cents to reach $62.02 per barrel whereas WTI Crude also increased 43 cents to reach $56.66/bbl.