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Saudi Arabia shares higher at close of trade; Tadawul All Share up 1.35%

Published 2019/01/28, 15:15
© Reuters.  Saudi Arabia shares higher at close of trade; Tadawul All Share up 1.35%

Investing.com – Saudi Arabia equities were higher at the close on Monday, as gains in the Energy & Utilities, Industrial Investment and Hotels & Tourism sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share gained 1.35% to hit a new 3-year high.

The biggest gainers of the session on the Tadawul All Share were Saudi Fisheries Co. (SE:6050), which rose 10.00% or 6.30 points to trade at 69.30 at the close. Saudi Steel Pipe Company (SE:1320) added 9.92% or 2.27 points to end at 25.15 and Arabian Cement Co (SE:3010) was up 7.20% or 1.70 points to 25.30 in late trade.

Biggest losers included Mobile Telecommunications Company (SE:7030), which lost 4.45% or 0.44 points to trade at 9.45 in late trade. Gulf Union Cooperative Insurance (SE:8120) declined 2.13% or 0.30 points to end at 13.80 and Al-Ahlia Insurance Company (SE:8140) shed 1.75% or 0.20 points to 11.26.

Advancing stocks outnumbered falling ones by 141 to 41 and 7 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for March delivery was down 1.73% or 0.93 to $52.76 a barrel. Meanwhile, Brent oil for delivery in April fell 1.53% or 0.94 to hit $60.65 a barrel, while the February Gold Futures contract rose 0.10% or 1.35 to trade at $1299.45 a troy ounce.

EUR/SAR was up 0.11% to 4.2823, while USD/SAR rose 0.01% to 3.7504.

The US Dollar Index Futures was up 0.03% at 95.490.

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