3 months ago
Stock Market

Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.65%

Investing.com – Saudi Arabia stocks were higher after the close on Wednesday, as gains in the Insurance, Retail and Energy&Utilities

Investing.com – Saudi Arabia stocks were higher after the close on Wednesday, as gains in the Insurance, Retail and Energy&Utilities sectors led shares higher.

At the close in Saudi Arabia, the Tadawul All Share added 0.65%.

The best performers of the session on the Tadawul All Share were Allianz Saudi Fransi Cooperative Insurance Company (SE:8040), which rose 9.96% or 2.65 points to trade at 29.25 at the close. Meanwhile, Abdullah A. M. Al-Khodari Sons Co (SE:1330) added 7.54% or 0.50 points to end at 7.13 and ACE ARABIA COOPERATIVE INSURANCE (SE:8240) was up 4.70% or 0.88 points to 19.60 in late trade.

The worst performers of the session were Eastern Province Cement Co. (SE:3080), which fell 2.85% or 0.64 points to trade at 21.80 at the close. Saudi Arabia Refineries Co. (SE:2030) declined 1.52% or 0.65 points to end at 42.20 and Dur Hospitality (SE:4010) was down 1.30% or 0.26 points to 19.74.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 127 to 44 and 14 ended unchanged.

Crude oil for January delivery was up 1.94% or 1.00 to $52.65 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 1.66% or 1.00 to hit $61.20 a barrel, while the February Gold Futures contract rose 0.24% or 2.95 to trade at $1250.15 a troy ounce.

EUR/SAR was up 0.22% to 4.2561, while USD/SAR fell 0.01% to 3.7513.

The US Dollar Index Futures was down 0.14% at 97.220.