CONSTRUCTION MATERIALS INDUSTRIES SAOG

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End-of-day quote Muscat Exchange  -  2022-08-10
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08/01Construction Materials Industries SAOG Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
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04/24Construction Materials Industries SAOG Reports Earnings Results for the First Quarter Ended March 31, 2022
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01/14Construction Materials Industries SAOG Reports Earnings Results for the Full Year Ended December 31, 2021
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CBOT wheat hits 8-1/2-year high buoyed by strong demand

11/01/2021 | 06:50am EDT

* Saudi Arabia's SAGO buys 1.3 mln tonnes of wheat

* Results awaited on Egyptian wheat tender

* Monthly USDA oils and fats report due at 1400 CDT

*

LONDON, Nov 1 (Reuters) - Chicago wheat futures rose to their highest level in 8-1/2 years on Monday, buoyed by strong demand against the backdrop of tightening world supplies, while corn prices edged higher.

Dealers noted a massive wheat purchase by Saudi Arabia, while top importer Egypt was also in the market on Monday.

Saudi Arabia's main state wheat buying agency, the Saudi Grains Organisation, said on Monday it had bought about 1.3 million tonnes of milling wheat at an average price of $377.54 per tonne.

The lowest offer presented at an Egyptian state purchasing tender for wheat on Monday was $331.90 per tonne for 60,000 tonnes of Russian wheat on a free-on-board (FOB) basis, traders said.

The most-active wheat contract on the Chicago Board of Trade gained 1.5% to $7.84-1/4 a bushel by 1138 GMT, after peaking at $7.84-3/4 - the highest since February 2013.

Poor spring wheat harvests and an export duty imposed by Russia have heightened expectations of relatively tight supplies this season.

Prices in Europe also rose with March milling wheat on Euronext up by 1.6% at a 13-1/2-year peak of 283.50 euros a tonne.

CBOT corn rose 0.3% to $5.69-3/4 a bushel, while soybeans fell 0.5% to $12.43-1/2 a bushel.

Large speculators raised their net long position in CBOT corn futures in the week to Oct. 26, regulatory data released on Friday showed.

U.S. soybean crushings likely declined to 4.907 million short tons, or 163.6 million bushels, in September, according to the average forecast of nine analysts surveyed by Reuters ahead of a monthly U.S. Department of Agriculture (USDA) report.

The USDA is scheduled to release its monthly fats and oils report at 1400 CDT on Monday. (Additional reporting by Naveen Thukral in Singapore; Editing by Subhranshu Sahu and Shailesh Kuber)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CONSTRUCTION MATERIALS INDUSTRIES SAOG 0.00% 0.082 End-of-day quote.134.29%
CORN FUTURES (ZC) - CBE (ELECTRONIC)/C1 1.15% 636.5 End-of-day quote.7.84%
CORN?FUTURES (SETTLEMENT ONLY) (ZC) - CBR (FLOOR)/C11 0.00%End-of-day quote.0.00%
MSCI SINGAPORE (GDTR) -0.17% 5868.22 Real-time Quote.-6.37%
S&P GSCI CORN INDEX 2.31% 530.2373 Real-time Quote.5.82%
WHEAT FUTURES (ZW) - CBE (ELECTRONIC)/C1 -0.77% 804.5 End-of-day quote.4.57%
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Financials
Sales 2021 4,04 M 10,5 M 10,5 M
Net income 2021 0,50 M 1,30 M 1,30 M
Net cash 2021 0,48 M 1,24 M 1,24 M
P/E ratio 2021 5,94x
Yield 2021 -
Capitalization 6,97 M 18,1 M 18,1 M
EV / Sales 2020 0,74x
EV / Sales 2021 0,62x
Nbr of Employees -
Free-Float 13,0%
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Managers and Directors
Talal Naser Qasim Oqlah General Manager
Ahmad O. A. Odeh Finance Manager
Khalid Abdullah Mohammed Al-Jabri Chairman
Narendra Kumar Saini Operations Manager
Saif Salim Al-Kalbani Manager-Human Resources & Administration