Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.62%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.62%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Wednesday, as gains in the Telecoms & IT , Cement and Petrochemicals sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share gained 0.62% to hit a new 3-year high.

The biggest gainers of the session on the Tadawul All Share were Umm Al-Qura (SE: 3005 ), which rose 9.94% or 1.30 points to trade at 14.38 at the close. Southern Province Cement Co. (SE: 3050 ) added 9.79% or 4.45 points to end at 49.90 and Northern Region Cement Co (SE: 3004 ) was up 8.08% or 0.74 points to 9.90 in late trade.

Biggest losers included Saudi Electricity Company (SE: 5110 ), which lost 3.89% or 0.66 points to trade at 16.30 in late trade. Gulf General Cooperative Insurance (SE: 8260 ) declined 3.80% or 0.48 points to end at 12.16 and Saudi Marke (SE: 4006 ) shed 3.00% or 0.54 points to 17.46.

Advancing stocks outnumbered falling ones by 98 to 77 and 12 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for June delivery was down 0.28% or 0.18 to $63.73 a barrel. Meanwhile, Brent oil for delivery in July rose 0.15% or 0.11 to hit $72.17 a barrel, while the June Gold Futures contract rose 0.02% or 0.25 to trade at $1285.95 a troy ounce.

EUR/SAR was up 0.24% to 4.2153, while USD/SAR rose 0.01% to 3.7503.

The US Dollar Index Futures was down 0.16% at 97.047.

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