Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.58%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.58%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Wednesday, as gains in the Energy & Utilities , Real Estate Development and Insurance sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share gained 0.58%.

The biggest gainers of the session on the Tadawul All Share were Al-Ahlia Insurance Company (SE: 8140 ), which rose 5.59% or 0.40 points to trade at 7.55 at the close. Gulf General Cooperative Insurance (SE: 8260 ) added 4.38% or 0.80 points to end at 19.05 and Trade Union Cooperative Insurance (SE: 8170 ) was up 3.80% or 0.75 points to 20.50 in late trade.

Biggest losers included Etihad Atheeb Telecommunication (SE: 7040 ), which lost 2.82% or 0.100 points to trade at 3.450 in late trade. Qassim Agriculture Co. (SE: 6020 ) declined 2.52% or 0.40 points to end at 15.45 and Eastern Province Cement Co. (SE: 3080 ) shed 2.15% or 0.70 points to 31.90.

Advancing stocks outnumbered falling ones by 110 to 38 and 22 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for March delivery was down 0.62% or 0.33 to $52.87 a barrel. Meanwhile, Brent oil for delivery in April fell 0.57% or 0.32 to hit $55.65 a barrel, while the April Gold Futures contract rose 0.09% or 1.15 to trade at $1226.55 a troy ounce.

EUR/SAR was down 0.22% to 3.9583, while USD/SAR rose 0.00% to 3.7506.

The US Dollar Index Futures was up 0.24% at 101.44.

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