Saudi Arabia shares higher at close of trade; Tadawul All Share up 1.61%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 1.61%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Thursday, as gains in the Media & Publishing , Financial Services and Cement sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share rose 1.61% to hit a new 52-week high.

The biggest gainers of the session on the Tadawul All Share were Saudi Research and Marketing Group (SE: 4210 ), which rose 9.91% or 8.24 points to trade at 91.40 at the close. Falcom Petrochemical added 9.90% or 2.95 points to end at 32.75 and Saudi Industrial Investment Group (SE: 2250 ) was up 8.03% or 2.00 points to 26.90 in late trade.

Biggest losers included Al Alamiya Cooperative Insurance (SE: 8280 ), which lost 2.27% or 0.70 points to trade at 30.20 in late trade. Malath Cooperative Insurance Co (SE: 8020 ) declined 1.81% or 0.30 points to end at 16.28 and Salama Cooperative Insurance Co (SE: 8050 ) shed 1.81% or 0.49 points to 26.55.

Advancing stocks outnumbered falling ones by 96 to 86 and 4 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for May delivery was up 0.89% or 0.61 to $69.08 a barrel. Meanwhile, Brent oil for delivery in June rose 1.24% or 0.91 to hit $74.39 a barrel, while the June Gold Futures contract fell 0.24% or 3.30 to trade at $1350.20 a troy ounce.

EUR/SAR was up 0.02% to 4.6420, while USD/SAR fell 0.01% to 3.7496.

The US Dollar Index Futures was down 0.04% at 89.31.

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