9 things to watch on Tadawul today

06/11/2018 Argaam

 

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

 

1) Saudi Arabia's non-oil private sector expanded at a modest pace in October, supported by growth in employment and new orders, Emirates NBD said in a new report on Monday.

 

2) Moody's Investors Service on Wednesday affirmed the rating of Samba Financial Group at A1 with a stable outlook, on par with Saudi Arabia's A1 stable sovereign rating.

 

3) Banque Saudi Fransi’s (BSF) net profit of SAR 1 billion came in-line with Riyad Capital and the market consensus’ expectations, the research firm said in an earnings review.

 

4) Dar Al Arkan's net profit of SAR 36.7 million for the third quarter of missed NCB Capital's estimates of SAR 90.1 million, the research firm said in an earnings review on Monday.

 

5) Abdullah Al Othaim Markets Co. reported a net profit of SAR 195.7 million in the first nine months of 2018, a 30.6 percent year-on-year (YoY) drop.

 

6) Saudi Arabia’s gross savings grew 29 percent year-on-year (YoY) to SAR 242.5 billion in Q2 2018, data compiled by the General Authority for Statistics (GASTAT) showed.

 

7) The aggregate net profit of Tadawul -listed banks came in at SAR 12.59 billion in Q3 2018, in line with average analysts’ estimates of SAR 12.54 billion, data compiled by Argaam show.

 

8) Saudi Chemical Co. has relocated Salasil plant to Arar city in the Northern Borders region, the cement producer said in a statement to Tadawul on Monday.

 

9) National Medical Care Co. (Care) reported a net profit of SAR 57.3 million in the first nine months of 2018, a 7.6 percent year-on-year (YoY) fall attributed to lower revenue.

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