Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.98%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.98%
Credit: © Reuters.

Investing.com – Saudi Arabia equities were higher at the close on Monday, as gains in the Building & Construction , Insurance and Financial Services sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share rose 0.98% to hit a new 52-week high.

The biggest gainers of the session on the Tadawul All Share were Salama Cooperative Insurance Co (SE: 8050 ), which rose 6.70% or 1.68 points to trade at 26.75 at the close. Al Alamiya Cooperative Insurance (SE: 8280 ) added 6.66% or 1.81 points to end at 29.00 and City Cement Co (SE: 3003 ) was up 5.96% or 0.72 points to 12.80 in late trade.

Biggest losers included Yanbu Cement Co. (SE: 3060 ), which lost 2.83% or 0.87 points to trade at 29.85 in late trade. Saudi Cement Company (SE: 3030 ) declined 1.09% or 0.58 points to end at 52.70 and The National Shipping Co. (SE: 4030 ) shed 1.04% or 0.34 points to 32.30.

Advancing stocks outnumbered falling ones by 155 to 32 and 3 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for May delivery was down 0.79% or 0.53 to $66.86 a barrel. Meanwhile, Brent oil for delivery in June fell 0.72% or 0.52 to hit $72.06 a barrel, while the June Gold Futures contract rose 0.13% or 1.70 to trade at $1349.60 a troy ounce.

EUR/SAR was up 0.48% to 4.6466, while USD/SAR rose 0.04% to 3.7511.

The US Dollar Index Futures was down 0.42% at 89.13.

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