Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.25%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.25%
Credit: © Reuters.

Investing.com – Saudi Arabia equities were higher at the close on Wednesday, as gains in the Cement , Telecoms & IT and Financial Services sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share added 0.25% to hit a new 52-week high.

The biggest gainers of the session on the Tadawul All Share were Tabuk Cement Co. (SE: 3090 ), which rose 9.96% or 1.31 points to trade at 14.46 at the close. Middle East Healthcare Co (SE: 4009 ) added 7.32% or 4.09 points to end at 60.00 and Yanbu Cement Co. (SE: 3060 ) was up 6.07% or 1.91 points to 33.40 in late trade.

Biggest losers included The Company for Coop. Insurance (SE: 8010 ), which lost 4.11% or 3.59 points to trade at 83.70 in late trade. Aseer Trading Tourism&Manufacturing (SE: 4080 ) declined 2.82% or 0.37 points to end at 12.74 and Salama Cooperative Insurance Co (SE: 8050 ) shed 2.25% or 0.66 points to 28.65.

Declining stocks outnumbered rising ones by 108 to 74 and 3 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for March delivery was down 0.53% or 0.34 to $64.16 a barrel. Meanwhile, Brent oil for delivery in April fell 0.38% or 0.26 to hit $68.26 a barrel, while the February Gold Futures contract rose 0.46% or 6.10 to trade at $1341.50 a troy ounce.

EUR/SAR was up 0.44% to 4.6715, while USD/SAR fell 0.01% to 3.7498.

The US Dollar Index Futures was down 0.34% at 88.72.

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