2 months ago
Stock Market

Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.45%

Investing.com – Saudi Arabia stocks were higher after the close on Monday, as gains in the Financial Services, Insurance and

Investing.com – Saudi Arabia stocks were higher after the close on Monday, as gains in the Financial Services, Insurance and Cement sectors led shares higher.

At the close in Saudi Arabia, the Tadawul All Share added 1.45% to hit a new 3-months high.

The best performers of the session on the Tadawul All Share were BURUJ COOPERATIVE INSURANCE CO (SE:8270), which rose 9.96% or 2.65 points to trade at 29.25 at the close. Meanwhile, Saudi United Cooperative Insurance (SE:8060) added 6.30% or 1.38 points to end at 23.30 and Saudi Industrial Investment Group (SE:2250) was up 5.80% or 1.26 points to 23.00 in late trade.

The worst performers of the session were Jabal Omar Development Company (SE:4250), which fell 4.10% or 1.35 points to trade at 31.55 at the close. Saudi Advanced Industries Co. (SE:2120) declined 2.89% or 0.40 points to end at 13.46 and Saudi Fisheries Co. (SE:6050) was down 2.89% or 2.10 points to 70.60.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 118 to 61 and 10 ended unchanged.

Shares in Jabal Omar Development Company (SE:4250) fell to 3-years lows; losing 4.10% or 1.35 to 31.55.

Crude oil for February delivery was up 2.27% or 1.09 to $49.05 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 2.05% or 1.17 to hit $58.23 a barrel, while the February Gold Futures contract rose 0.67% or 8.65 to trade at $1294.45 a troy ounce.

EUR/SAR was up 0.45% to 4.2926, while USD/SAR rose 0.01% to 3.7508.

The US Dollar Index Futures was down 0.34% at 95.428.