Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.40%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.40%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Monday, as gains in the Hotels & Tourism , Cement and Financial Services sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share added 0.40% to hit a new 52-week high.

The biggest gainers of the session on the Tadawul All Share were Tourism Enterprise Co. (SE: 4170 ), which rose 8.10% or 2.29 points to trade at 30.55 at the close. Salama Cooperative Insurance Co (SE: 8050 ) added 4.77% or 1.36 points to end at 29.90 and Saudi Kayan Petrochemical Company (SE: 2350 ) was up 3.04% or 0.36 points to 12.20 in late trade.

Biggest losers included Anb Insurance (SE: 8011 ), which lost 9.89% or 1.28 points to trade at 11.66 in late trade. Solidarity Saudi Takaful Co (SE: 8290 ) declined 6.02% or 1.47 points to end at 22.96 and Allianz Saudi Fransi Cooperative Insurance Company (SE: 8040 ) shed 5.18% or 1.87 points to 34.25.

Declining stocks outnumbered rising ones by 93 to 80 and 10 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for March delivery was down 0.71% or 0.47 to $65.67 a barrel. Meanwhile, Brent oil for delivery in April fell 0.97% or 0.68 to hit $69.47 a barrel, while the February Gold Futures contract fell 0.72% or 9.80 to trade at $1342.30 a troy ounce.

EUR/SAR was down 0.32% to 4.6431, while USD/SAR fell 0.01% to 3.7508.

The US Dollar Index Futures was up 0.34% at 89.17.

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