10 things to watch on Tadawul today

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

1) Savola Group reported a net profit after zakat and tax of SAR 338.3 million for the first nine months of 2019, compared to a net profit of SAR 5.6 million.

2) Saudi Cement Co. reported a net profit after zakat and tax of SAR 307.8 million for the first 9 months of 2019, a jump of 11.6 percent year-on-year (YoY), driven by higher sales revenue.

3) Samba Financial Group reported a net profit after zakat and tax of SAR 3.2 billion in the first nine months of 2019, a decline of 11.5 percent year-on-year (YoY).

4) The Saudi Stock Exchange (Tadawul) has lifted the trading suspension placed on shares of National Building & Marketing Co. starting today (Oct. 28) following disclosure of Q2 2019 financial results.

5) Southern Province Cement Co. reported a net profit after zakat and tax of SAR 301 million for the first nine months of 2019, more than double compared to the same period last year.

6) Saudi Ceramic Co. narrowed losses by 95.06 percent year-on-year (YoY) to SAR 6.66 million for the first 9 months of 2019, driven by higher sales and lower general and administrative expenses.

7) The Saudi Stock Exchange (Tadawul) has approved Al Kathiri Holding Co.’s request to transition its shares from the parallel market to the main market.

8) Saudi Advanced Industries Co. (SAIC) reported a net profit of SAR 31.99 million for the first nine months of 2019, a 7.35 percent year-on-year increase.

9) Electrical Industries Co. reported a net loss of SAR 7.38 million for the first nine months of 2019, versus a net profit of SAR 17.3 million in year-earlier period.

10) Brent crude on Tuesday declined 24 cents to reach $61.33 per barrel whereas WTI Crude also decreased 25 cents to reach $55.56/bbl.