Saudi Arabia shares higher at close of trade; Tadawul All Share up 1.38%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 1.38%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Sunday, as gains in the Financial Services , Real Estate Development and Hotels & Tourism sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share gained 1.38% to hit a new 6-month high.

The biggest gainers of the session on the Tadawul All Share were Ash-Sharqiyah Development Company (SE: 6060 ), which rose 9.41% or 4.19 points to trade at 48.70 at the close. Dar Alarkan Real Estate Development (SE: 4300 ) added 8.48% or 0.89 points to end at 11.38 and Kingdom Holding Company (SE: 4280 ) was up 7.01% or 0.61 points to 9.31 in late trade.

Biggest losers included Etihad Atheeb Telecommunication (SE: 7040 ), which lost 6.12% or 0.420 points to trade at 6.440 in late trade. Rabigh Refining & Petrochemical Co (SE: 2380 ) declined 2.80% or 0.55 points to end at 19.10 and Advanced Petrochemical Company (SE: 2330 ) shed 2.39% or 1.04 points to 42.40.

Advancing stocks outnumbered falling ones by 128 to 53 and 3 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for February delivery was up 0.94% or 0.60 to $64.40 a barrel. Meanwhile, Brent oil for delivery in March rose 0.78% or 0.54 to hit $69.80 a barrel, while the February Gold Futures contract rose 1.19% or 15.80 to trade at $1338.30 a troy ounce.

EUR/SAR was up 1.29% to 4.5705, while USD/SAR rose 0.01% to 3.7503.

The US Dollar Index Futures was down 1.13% at 90.62.

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