Saudi Arabia shares higher at close of trade; Tadawul All Share up 1.59%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 1.59%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Tuesday, as gains in the Telecoms & IT , Industrial Investment and Media & Publishing sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share added 1.59% to hit a new 1-month high.

The biggest gainers of the session on the Tadawul All Share were Saudi Cable Company (SE: 2110 ), which rose 9.92% or 3.30 points to trade at 36.55 at the close. Electrical Industries Co (SE: 1303 ) added 9.68% or 1.52 points to end at 17.22 and Mobile Telecommunications Company (SE: 7030 ) was up 6.63% or 0.74 points to 11.90 in late trade.

Biggest losers included Al Baha Investment and Development Company SJSC (SE: 4130 ), which lost 2.21% or 0.42 points to trade at 18.58 in late trade. Southern Province Cement Co. (SE: 3050 ) declined 0.92% or 0.45 points to end at 48.50 and Fawaz Abdulaziz AlHokair Company (SE: 4240 ) shed 0.71% or 0.16 points to 22.30.

Advancing stocks outnumbered falling ones by 155 to 27 and 9 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for July delivery was up 0.49% or 0.26 to $53.52 a barrel. Meanwhile, Brent oil for delivery in August rose 0.13% or 0.08 to hit $62.37 a barrel, while the August Gold Futures contract fell 0.09% or 1.25 to trade at $1328.05 a troy ounce.

EUR/SAR was up 0.06% to 4.2446, while USD/SAR rose 0.01% to 3.7504.

The US Dollar Index Futures was up 0.02% at 96.730.

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