4 things to watch on Tadawul today

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

1) Saudi Aramco reported a net income of $46.9 billion for the first half of 2019, compared to $53 billion for the same period last year.

2) The Organization of Petroleum Exporting Countries (OPEC) delivered a bearish oil market outlook for the rest of 2019 amid economic growth slowdown, and maintained its forecast for 2020.

3) Global oil demand is expected to decline to an estimated one million barrels per day (mbd) in 2019 and 900,000 barrels per day next year, from 1.4 mbd in 2018, the Institute of International Finance (IIF) said.

4) Gulf General Cooperative Insurance Co. reported SAR 37.68 million in accumulated losses, accounting for 18.84 percent of its capital as of June 30, 2019.