Saudi Arabia shares higher at close of trade; Tadawul All Share up 1.06%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 1.06%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Wednesday, as gains in the Retail , Financial Services and Cement sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share added 1.06% to hit a new 1-month high.

The biggest gainers of the session on the Tadawul All Share were Al Baha Investment and Development Company SJSC (SE: 4130 ), which rose 7.53% or 1.40 points to trade at 19.98 at the close. Tihama Advertising&Public Relations (SE: 4070 ) added 6.27% or 2.40 points to end at 40.65 and Saudi Company for Hardware (SE: 4008 ) was up 4.26% or 2.70 points to 66.10 in late trade.

Biggest losers included Bawan (SE: 1302 ), which lost 2.16% or 0.30 points to trade at 13.62 in late trade. Arabian Cement Co (SE: 3010 ) declined 2.07% or 0.55 points to end at 26.05 and Anb Insurance (SE: 8011 ) shed 2.05% or 0.42 points to 20.08.

Advancing stocks outnumbered falling ones by 112 to 61 and 18 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for July delivery was down 2.23% or 1.19 to $52.08 a barrel. Meanwhile, Brent oil for delivery in August fell 1.97% or 1.23 to hit $61.06 a barrel, while the August Gold Futures contract rose 0.42% or 5.65 to trade at $1336.85 a troy ounce.

EUR/SAR was down 0.08% to 4.2450, while USD/SAR rose 0.02% to 3.7506.

The US Dollar Index Futures was up 0.05% at 96.697.

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