7 things to watch on Tadawul today

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

1) Amlak International for Real Estate Finance Co. will start trading on the Saudi Stock Exchange (Tadawul) on Monday, July 13 with the symbol 1182, and a daily price fluctuation limit of 10%.

2) Tadawul will change the opening calculation methodology of all indices as of today, July 12.

3) Saudi Aramco upped Octane 91 price to SAR 1.29 per liter as well as raised Octane 95 prices to SAR 1.44 per liter for July.

4) National Company for Learning and Education (NCLE) posted a 0.3% year-on-year (YoY) rise in net profit after Zakat and tax to SAR 37.2 million for the first nine months ending May 31, 2020.

5) Zahrat Al Waha for Trading Co. said its sales declined 19% during the second quarter of 2020 due to low demand that was impacted by the COVID-19 pandemic.

6) Arab National Bank (ANB) signed an insurance agreement with Walaa Cooperative Insurance Co., a related party, to cover the directors’ and officers’ liability at a value of SAR 663,000.

7) Brent crude on Friday gained 89 cents to reach $43.24 per barrel. WTI Crude also increased 93 cents to reach $40.55/bbl.