Saudi Arabia shares higher at close of trade; Tadawul All Share up 1.89%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 1.89%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Thursday, as gains in the Cement , Real Estate Development and Financial Services sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share rose 1.89% to hit a new 1-month high.

The biggest gainers of the session on the Tadawul All Share were Arab National Bank (SE: 1080 ), which rose 6.29% or 1.95 points to trade at 32.95 at the close. Saudi Fisheries Co. (SE: 6050 ) added 5.75% or 1.45 points to end at 26.65 and Savola Group (SE: 2050 ) was up 5.63% or 2.10 points to 39.40 in late trade.

Biggest losers included Almarai Company (SE: 2280 ), which lost 9.86% or 5.80 points to trade at 53.00 in late trade. Saudi Indian Company Insurance (SE: 8110 ) declined 7.11% or 0.72 points to end at 9.40 and Saudi Enaya Cooperative Insurance (SE: 8311 ) shed 3.63% or 0.32 points to 8.50.

Advancing stocks outnumbered falling ones by 114 to 53 and 17 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for July delivery was down 1.85% or 1.26 to $66.95 a barrel. Meanwhile, Brent oil for delivery in August rose 0.32% or 0.25 to hit $77.97 a barrel, while the June Gold Futures contract fell 0.05% or 0.70 to trade at $1300.80 a troy ounce.

EUR/SAR was up 0.02% to 4.3754, while USD/SAR fell 0.02% to 3.7494.

The US Dollar Index Futures was down 0.03% at 94.03.

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