Crypto Moves — Bitcoin, Ether down: Kuwait-based Islamic bank enters the metaverse

Please fol­low and like us:
Pin Share

RIYADH: Sau­di stocks end­ed their first trad­ing ses­sion of July in red, extend­ing loss­es after an 11-per­cent decline in June due to fears over infla­tion and recession.

TASI, the main bench­mark index, fell 0.5 per­cent to 11,464 on Sun­day and the par­al­lel mar­ket, Nomu, shed 2.3 per­cent to 21,082.

Oman’s stock exchange declined 0.3 per­cent in line with Sau­di Arabia.

How­ev­er, the Bahrai­ni bourse led the gains in the region as it advanced by 1.4 per­cent, fol­lowed by Kuwait and Qatar, up 1 and 0.7 per­cent, respectively.

Out­side the Gulf, Egypt’s blue-chip index EGX30 lost as much as 2.4 percent.

In the oil mar­ket, Brent crude futures rose slight­ly to $112.16 a bar­rel and US West Texas Inter­me­di­ate reached $108.82 a bar­rel by 8:59 a.m. Sau­di time on Monday.

Stock news

The Sau­di British Bank, or SABB, appoint­ed Yass­er Ali Al-Bar­rak as its new CEO for cor­po­rate and insti­tu­tion­al banking

SABB’s board of direc­tors pro­posed a div­i­dend dis­tri­b­u­tion of SR1.13 bil­lion ($301 mil­lion) in total, or SR0.55 per share, for the first half of 2022

Al-Khaleej Train­ing and Edu­ca­tion Co. entered into a non-bind­ing agree­ment to poten­tial­ly acquire 51 per­cent of Al-Min­haj Pri­vate Schools Co.

Ayyan Invest­ment Co. named Faisal Al-Qah­tani chair­man of the board and Abdul Aziz Al Shaikh vice-chairman

Wafrah for Indus­try and Devel­op­ment Co.’s rights issue was 78 per­cent sub­scribed, gen­er­at­ing SR120 mil­lion in proceeds

Jahez Inter­na­tion­al Co. for Infor­ma­tion Sys­tem Tech­nol­o­gy appoint­ed Lulua Bakr to replace audit com­mit­tee chair­man Abdul­wa­hab Al-Butairi fol­low­ing his resignation

Sau­di Basic Indus­tries Corp.‘s health insur­ance con­tract with Bupa Ara­bia was renewed for one year start­ing July 4


July 4, 2022

Launch of sin­gle-stock futures trad­ing on Tadawul

July 7, 2022

Sau­di Exchange will close for the Eid Al Adha hol­i­days and resume trad­ing on July 13

Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published. Required fields are marked *