Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.35%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.35%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Monday, as gains in the Real Estate Development , Telecoms & IT and Insurance sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share added 0.35%.

The biggest gainers of the session on the Tadawul All Share were Saudi Steel Pipe Company (SE: 1320 ), which rose 7.66% or 1.60 points to trade at 22.50 at the close. Saudi Indian Company Insurance (SE: 8110 ) added 3.57% or 0.42 points to end at 12.20 and Jabal Omar Development Company (SE: 4250 ) was up 3.51% or 1.30 points to 38.30 in late trade.

Biggest losers included Al Alamiya Cooperative Insurance (SE: 8280 ), which lost 4.59% or 1.55 points to trade at 32.20 in late trade. Saudi Chemical Company (SE: 2230 ) declined 3.80% or 1.25 points to end at 31.65 and Al Baha Investment and Development Company SJSC (SE: 4130 ) shed 2.74% or 0.46 points to 16.34.

Declining stocks outnumbered rising ones by 89 to 72 and 20 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for October delivery was up 0.26% or 0.18 to $69.95 a barrel. Meanwhile, Brent oil for delivery in November rose 0.71% or 0.55 to hit $78.19 a barrel, while the December Gold Futures contract rose 0.16% or 1.90 to trade at $1206.30 a troy ounce.

EUR/SAR was up 0.07% to 4.3537, while USD/SAR rose 0.01% to 3.7496.

The US Dollar Index Futures was up 0.04% at 95.09.

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