Saudi Arabia shares higher at close of trade; Tadawul All Share up 1.02%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 1.02%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Thursday, as gains in the Telecoms & IT , Cement and Financial Services sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share gained 1.02% to hit a new 52-week high.

The biggest gainers of the session on the Tadawul All Share were Saudi Steel Pipe Company (SE: 1320 ), which rose 6.17% or 1.30 points to trade at 22.38 at the close. Dar Alarkan Real Estate Development (SE: 4300 ) added 4.46% or 0.51 points to end at 11.94 and Saudi Telecom (SE: 7010 ) was up 4.12% or 3.24 points to 81.90 in late trade.

Biggest losers included Saudi Company for Hardware (SE: 4008 ), which lost 2.25% or 3.00 points to trade at 130.20 in late trade. Nama Chemicals Co. (SE: 2210 ) declined 2.21% or 0.40 points to end at 17.74 and Fawaz Abdulaziz AlHokair Company (SE: 4240 ) shed 1.65% or 0.46 points to 27.50.

Advancing stocks outnumbered falling ones by 100 to 81 and 3 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for May delivery was down 0.74% or 0.48 to $64.69 a barrel. Meanwhile, Brent oil for delivery in May fell 0.83% or 0.58 to hit $68.89 a barrel, while the April Gold Futures contract rose 0.61% or 8.10 to trade at $1329.60 a troy ounce.

EUR/SAR was down 0.22% to 4.6165, while USD/SAR fell 0.01% to 3.7494.

The US Dollar Index Futures was up 0.09% at 89.36.

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