Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.57%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.57%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Wednesday, as gains in the Retail , Cement and Financial Services sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share gained 0.57% to hit a new 3-year high.

The biggest gainers of the session on the Tadawul All Share were Saudi Industrial Investment Group (SE: 2250 ), which rose 4.45% or 1.10 points to trade at 25.80 at the close. BANK ALBILAD (SE: 1140 ) added 3.90% or 1.20 points to end at 32.00 and ACE ARABIA COOPERATIVE INSURANCE (SE: 8240 ) was up 3.11% or 0.70 points to 23.20 in late trade.

Biggest losers included Saudi Pharmaceutical Appliances (SE: 2070 ), which lost 3.05% or 0.85 points to trade at 27.05 in late trade. Saudi RE Cooperative Reinsurance (SE: 8200 ) declined 2.50% or 0.19 points to end at 7.41 and Al Sorayai Trading&Industrial Group (SE: 1213 ) shed 2.44% or 0.30 points to 12.00.

Declining stocks outnumbered rising ones by 95 to 77 and 16 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for May delivery was down 0.18% or 0.11 to $62.47 a barrel. Meanwhile, Brent oil for delivery in June rose 0.23% or 0.16 to hit $69.53 a barrel, while the June Gold Futures contract fell 0.12% or 1.55 to trade at $1293.85 a troy ounce.

EUR/SAR was up 0.29% to 4.2136, while USD/SAR rose 0.00% to 3.7504.

The US Dollar Index Futures was down 0.27% at 96.665.

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