Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.51%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.51%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Wednesday, as gains in the Energy & Utilities , Retail and Financial Services sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share added 0.51%.

The biggest gainers of the session on the Tadawul All Share were National Gas & Industrialization Co (SE: 2080 ), which rose 9.65% or 3.30 points to trade at 37.50 at the close. BURUJ COOPERATIVE INSURANCE CO (SE: 8270 ) added 5.05% or 1.50 points to end at 31.20 and Alkhaleej Training & Education Co (SE: 4290 ) was up 4.72% or 0.90 points to 19.95 in late trade.

Biggest losers included Gulf Union Cooperative Insurance (SE: 8120 ), which lost 3.01% or 0.40 points to trade at 12.90 in late trade. Yanbu Cement Co. (SE: 3060 ) declined 2.46% or 0.90 points to end at 35.70 and Saudi Arabian Cooperative Insurance (SE: 8100 ) shed 2.24% or 0.50 points to 21.85.

Declining stocks outnumbered rising ones by 76 to 76 and 18 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for March delivery was down 0.96% or 0.51 to $52.67 a barrel. Meanwhile, Brent oil for delivery in March fell 0.96% or 0.53 to hit $54.91 a barrel, while the February Gold contract fell 0.59% or 7.15 to trade at $1203.65 a troy ounce.

EUR/SAR was up 0.10% to 4.0286, while USD/SAR fell 0.00% to 3.7499.

The US Dollar Index was down 0.25% at 100.02.

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