TASI stocks up in early trading: market wrap

  • 11/1/2021
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Brent crude was trading down 0.3 percent at $83.44 per barrel, at 9.00 am Makkah time The Tadawul All Share Index, TASI, rose by 0.3 percent to surge past the 10,5086 point level in early trade today. Qualified foreign investors (QFIs) were net sellers of SR244 million worth of stocks on the Saudi Exchange (Tadawul) in the week ending Oct. 28 Here’s a wrap of market movements as of 10:30 a.m. Riyadh time: Jazan Energy and Development Co.’s (JAZADCO) net profit rose 27 percent to SR12.2 million ($3.2 million) in the first nine months of 2021. National Agricultural Development Co. (NADEC) completed the construction of a solar energy project and began commercial operations. Lazurde Company for Jewelry posted a net profit of SR26 million for the first 9 months of 2021. Jadwa REIT Saudi signed a new lease agreement for AlYaum Tower for SR16.15 million annual rent. Saudi Arabian Amiantit Co.’s board of directors appoints Khalil bin Abdulfattah Kordi as Chief Executive Officer (CEO), starting Nov. 1 Thob AlAseel Co. Q3 2021 net profit fell by 40 percent to SR3.6 million. Riyad Capital exits first US International Real Estate Investment Products. Brent crude was trading down 0.3 percent at $83.44 per barrel, at 9.00 am Makkah time.

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