5 things to watch on Tadawul today

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

1) The Capital Market Authority (CMA) published draft rules for issuing depositary receipts outside the Kingdom for local shares.

2) Public Investment Fund (PIF) appointed Sets, a Lebanon-based engineering firm, to provide traffic and transport consultancy services for the King Abdullah Financial District (KAFD) project in Riyadh.

3) Banks operating in Saudi Arabia opened five new branches, but closed six in H1 2018, the central bank’s latest bulletin revealed.

4) The draft Private Sector Participation (PSP) law, published by Saudi Arabia’s National Centre for Privatization & Public Private Partnership, is a welcome development for foreign investors seeking to enter the lucrative Saudi market.

5) Oil prices rose marginally on expectations of supply disruptions from places such as Venezuela, Africa and Iran. Brent crude was up 0.01 cents to $76.22/bbl, while WTI crude gained 0.02 cents to $68.89/bbl early Tuesday.