Al-Ahlia, Al-Babtain, Saudi Fisheries, Sabb Takaful: Saudi Equity Preview
The following stocks may rise or fall in Saudi Arabia’s market tomorrow. Stock symbols are in parentheses and prices are from the last close.
The Tadawul All Share Index advanced 0.2 percent, the most since April 11, to 6,730.12.
Al-Ahlia Cooperative Insurance (ALAHLIA AB): The Saudi insurance company said it had a first-quarter loss of 5.7 million riyals ($1.5 million) compared with 3.76 million riyals the year earlier. The shares retreated 0.3 percent to 76 riyals.
Al-Babtain Power & Telecommunication Co. (ALBABTAI AB): The Saudi Arabia-based supplier of transmission towers said first- quarter net income fell 22 percent to 24.2 million riyals from 31.1 million riyals the year earlier on lower sales. The shares fell 0.7 percent to 40.5 riyals.
Alahli Takaful Co. (ATC AB): The insurance company said it had a first-quarter loss of 2.9 million riyals from 593,000 riyals the year earlier. The shares climbed 0.3 percent to 100.25 riyals.
Al Rajhi Company for Co-operative Insurance (ARCCI AB): The multi-line insurance company said it had a first-quarter loss of 8.2 million riyals without giving previous period figures. The shares fell 1.4 percent to 53 riyals.
Saudi Fisheries Co. (SFICO AB): The fish processing company said its first-quarter loss widened to 5.5 million riyals from 4 million riyals the year earlier on lower sales. The shares gained 5.4 percent to 49 riyals.
Sabb Takaful (SABBT AB): The Saudi Arabian Shariah- compliant life insurer reported a first-quarter loss of 2.4 million riyals from 5.7 million riyals the year earlier. The shares advanced 2.3 percent to 26.2 riyals.
To contact the reporter on this story: Zahra Hankir in Dubai at firstname.lastname@example.org or