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Tadawul sees over 200,000 transactions worth SAR 6 bln in first hour of trading

Tadawul sees over 200,000 transactions worth SAR 6 bln in first hour of trading 24/02/2021 Argaam Saudi Stock Exchange ( Tadawul) witnessed more than 200,000 transactions on listed shares in the first hour of trading today, Feb. 24, 2021.   In the first hour, over 222,000 transactions were executed on about 190 million shares with a total value of about SAR 6 billion – possibly the highest in the market history - as no data is available on the number of transactions executed on Tadawul before 2007.   The benchmark Tadawul All Share Index (TASI) saw heavy buying in the first 20 minutes of trading, as the index managed to break above the 9,200-point level, at 9,217 points, before witnessing profit-taking amid large selling, as the index fell to 9,079 points.

9 things to watch on Tadawul today

Here are a few things you need to know as Saudi stocks start trading on Sunday. 1) Al-Babtain Power and Telecommunication Co.’s board of directors recommended a 10% cash dividend for the fiscal year 2020, at SAR 1 per share, amounting to SAR 42.63 million. 2) Raydan Food Co. submitted its request to increase capital through rights issue to the Capital Market Authority (CMA) on Dec. 30, 2020. 3) Bank Aljazira shareholders authorized the board of directors to distribute interim dividends, quarterly or semi-annually, for FY2021. 4) Abdullah Saad Mohammed Abo Moati for Bookstores Co. (Abo Moati) renewed a Shariah-compliant financing facility agreement with Saudi Investment Bank (SAIB) worth SAR 70 million.

8 things to watch on Tadawul today

Here are a few things you need to know as Saudi stocks start trading on Tuesday. 1) National Gas and Industrialization Co. (GASCO) said its share in the cash dividends of its subsidiary, National Industrial Gases Co., is SR50.4 million ($13.44 million). 2) Raydan Food Co. opened a franchise branch in Yanbu Industrial City on Dec. 28, 2020. 3) Saudi Electricity Co.’s (SEC) shareholders approved the plan for the SR3.35 billion dividend owed to Saudi Arabian Oil Co. (Saudi Aramco) since SEC’s inception until 2017. 4) Naseej International Trading Co.’s accumulated losses dropped to zero after shareholders agreed at the extraordinary general meeting (EGM) to cut capital.

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