6 things to consider as Tadawul starts trading

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

1) Moody's Investors Service affirmed on Friday Saudi Arabia's A1 rating and stable outlook, on expectations that fiscal consolidation will continue over the medium term, stabilizing the government’s debt burden below 30 percent of GDP.

2) Saudi Aramco’s $33.8 billion in net income for the first half of 2017 compared to Apple’s earnings of $28.9 billion, JP Morgan’s $12.5 billion and Exxon Mobil’s 7.4 billion for the same period, data shows.

3) Advanced Petrochemical Co. reported a net profit of SAR 98 million for the first quarter of 2018, a 21.2 percent year-on-year decline.

4) National Gypsum Co.’s general assembly has approved the financial statements, audit report and board report for the fiscal year of 2017.

5) Crude oil prices closed on an increase last week, Brent crude was last up 0.8 percent at $72.58/bbl while WTI crude rose 0.5 percent to $67.39/bbl.

6) World oil stocks have fallen significantly last year, and will they are about to fall below the five-year level in the coming months, the International Energy Agency said on Friday in a report.