Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.28%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.28%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Thursday, as gains in the Real Estate Development , Building & Construction and Industrial Investment sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share added 0.28%.

The biggest gainers of the session on the Tadawul All Share were Saudi Indian Company Insurance (SE: 8110 ), which rose 9.88% or 1.60 points to trade at 17.80 at the close. Arabian Pipes Company (SE: 2200 ) added 9.88% or 1.20 points to end at 13.35 and Dar Alarkan Real Estate Development (SE: 4300 ) was up 7.69% or 0.45 points to 6.30 in late trade.

Biggest losers included Yanbu Cement Co. (SE: 3060 ), which lost 2.94% or 1.30 points to trade at 42.90 in late trade. Saudi Int Petrochemical Co (SE: 2310 ) declined 2.55% or 0.35 points to end at 13.35 and Herfy Food Services Co (SE: 6002 ) shed 2.19% or 1.75 points to 78.25.

Advancing stocks outnumbered falling ones by 95 to 48 and 26 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for August delivery was up 1.53% or 0.75 to $49.88 a barrel. Meanwhile, Brent oil for delivery in August rose 1.60% or 0.80 to hit $50.68 a barrel, while the August Gold contract fell 0.45% or 5.75 to trade at $1264.25 a troy ounce.

EUR/SAR was up 0.82% to 4.2711, while USD/SAR rose 0.01% to 3.7504.

The US Dollar Index was down 0.54% at 93.30.

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