Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.49%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.49%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Thursday, as gains in the Telecoms & IT , Hotels & Tourism and Financial Services sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share rose 0.49%.

The biggest gainers of the session on the Tadawul All Share were Amana Cooperative Insurance Co (SE: 8310 ), which rose 9.93% or 1.44 points to trade at 15.94 at the close. Al-Rajhi Cooperative Insurance (SE: 8230 ) added 5.77% or 3.20 points to end at 58.70 and Saudi Indian Company Insurance (SE: 8110 ) was up 4.75% or 0.58 points to 12.80 in late trade.

Biggest losers included Middle East Paper Co (SE: 1202 ), which lost 2.48% or 0.58 points to trade at 22.82 in late trade. Saudi Cable Company (SE: 2110 ) declined 2.36% or 0.21 points to end at 8.70 and Mouwasat Medical Services Company (SE: 4002 ) shed 2.26% or 2.10 points to 90.90.

Advancing stocks outnumbered falling ones by 122 to 46 and 16 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for August delivery was down 1.03% or 0.68 to $65.03 a barrel. Meanwhile, Brent oil for delivery in August fell 1.78% or 1.33 to hit $73.41 a barrel, while the August Gold Futures contract fell 0.54% or 6.90 to trade at $1267.60 a troy ounce.

EUR/SAR was up 0.12% to 4.3465, while USD/SAR rose 0.03% to 3.7511.

The US Dollar Index Futures was down 0.12% at 94.67.

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