5 things you need to know on Tadawul today

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

1) Saudi Arabia’s holdings of US Treasury bonds declined for the third consecutive month, this time by $1.2 billion month-on-month in September to $136.7 billion.

2) There are no large transfers from Saudi Arabia as a result of the recent anti-corruption crackdown, Ahmed Alkholifey, governor of the Saudi Arabian Monetary Authority, told CNBC Arabia.

3) Abdullah A.M. Al-Khodari Sons Co.’s auction to sell surplus equipment at Al-Khodari yard in Dammam generated around SAR 36.8 million with a gross profit of SAR 14 million.

4) Saudi Paper Manufacturing Co.’s board of directors has appointed Abdul Rahman Al Ubaid as deputy chairman of the board, until April 6, 2018.

5) Oil prices closed last week with gains, rising more than 2 percent. Brent crude was up 2.2 percent to $62.72/bbl while WTI crude rose 2.6 percent to close at $56.55/bbl.

Write to Nadeshda Zareen at nadeshda.zareen@argaamplus.com