5 things to watch on Tadawul today

06/01/2019 Argaam

 

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

 

1) Gulf Union Cooperative Insurance Co. has offered one share for 1.74 shares of Ahlia for Cooperative Insurance Co. under a swap deal agreement for the planned merger between both entities.

 

2) Riyad Capital released its fourth-quarter earnings estimates for Saudi-listed firms and banks under its coverage.

 

3) Saudi Arabia's equity market saw the listing of three new firms and eight real estate investment trusts (REITs) in 2018, data compiled by Argaam show.

 

4) Major shareholders raised their stakes in 42 Tadawul-listed companies and 14 new shareholders joined the major owners’ list in 2018, a recent study conducted by Argaam showed.

 

5) The Organization of the Petroleum Exporting Countries (OPEC) pumped 32.68 million barrels per day (bpd) last month, down 460,000 bpd from November and the largest month-on-month drop since January 2017.

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