Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.92%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.92%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Wednesday, as gains in the Insurance , Retail and Telecoms & IT sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share rose 0.92%.

The biggest gainers of the session on the Tadawul All Share were Bupa Arabia for Coop. Insurance (SE: 8210 ), which rose 7.88% or 7.52 points to trade at 103.00 at the close. Al Sorayai Trading&Industrial Group (SE: 1213 ) added 7.27% or 0.98 points to end at 14.46 and The Company for Coop. Insurance (SE: 8010 ) was up 5.82% or 4.39 points to 79.80 in late trade.

Biggest losers included Saudi Cable Company (SE: 2110 ), which lost 2.50% or 0.26 points to trade at 10.12 in late trade. Saudi Company for Hardware (SE: 4008 ) declined 1.42% or 1.81 points to end at 126.00 and Makkah Construction&Development Co (SE: 4100 ) shed 1.13% or 0.84 points to 73.70.

Advancing stocks outnumbered falling ones by 125 to 55 and 8 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for May delivery was down 2.02% or 1.28 to $62.23 a barrel. Meanwhile, Brent oil for delivery in June fell 1.79% or 1.22 to hit $66.90 a barrel, while the June Gold Futures contract rose 0.84% or 11.30 to trade at $1348.60 a troy ounce.

EUR/SAR was up 0.26% to 4.6128, while USD/SAR rose 0.03% to 3.7513.

The US Dollar Index Futures was down 0.17% at 89.70.

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