Saudi Arabia shares higher at close of trade; Tadawul All Share up 1.04%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 1.04%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Thursday, as gains in the Petrochemicals , Cement and Insurance sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share gained 1.04% to hit a new 52-week high.

The biggest gainers of the session on the Tadawul All Share were Saudi Int Petrochemical Co (SE: 2310 ), which rose 5.80% or 1.26 points to trade at 22.98 at the close. AXA Cooperative Insurance Company (SE: 8250 ) added 4.69% or 1.28 points to end at 28.55 and The Company for Coop. Insurance (SE: 8010 ) was up 3.96% or 3.15 points to 82.60 in late trade.

Biggest losers included Saudi Cable Company (SE: 2110 ), which lost 3.45% or 0.35 points to trade at 9.79 in late trade. Banque Saudi Fransi (SE: 1050 ) declined 2.52% or 0.75 points to end at 29.00 and The Qassim Cement Co (SE: 3040 ) shed 2.45% or 1.03 points to 41.00.

Advancing stocks outnumbered falling ones by 131 to 52 and 5 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for May delivery was down 0.22% or 0.14 to $63.23 a barrel. Meanwhile, Brent oil for delivery in June rose 0.01% or 0.01 to hit $68.03 a barrel, while the June Gold Futures contract fell 0.85% or 11.40 to trade at $1328.80 a troy ounce.

EUR/SAR was down 0.23% to 4.5946, while USD/SAR fell 0.00% to 3.7497.

The US Dollar Index Futures was up 0.30% at 90.05.

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