Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.69%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.69%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Sunday, as gains in the Energy & Utilities , Real Estate Development and Multi Investment sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share gained 0.69% to hit a new 6-month high.

The biggest gainers of the session on the Tadawul All Share were Ash-Sharqiyah Development Company (SE: 6060 ), which rose 9.74% or 3.80 points to trade at 42.80 at the close. Saudi Arabia Refineries Co. (SE: 2030 ) added 9.71% or 3.30 points to end at 37.30 and ACE ARABIA COOPERATIVE INSURANCE (SE: 8240 ) was up 7.80% or 2.70 points to 37.30 in late trade.

Biggest losers included Saudi Kayan Petrochemical Company (SE: 2350 ), which lost 1.80% or 0.15 points to trade at 8.20 in late trade. Yanbu National Petrochemical Co (SE: 2290 ) declined 1.80% or 0.90 points to end at 49.00 and National Metal Manufacturing Co. (SE: 2220 ) shed 1.48% or 0.35 points to 23.30.

Advancing stocks outnumbered falling ones by 121 to 32 and 16 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for January delivery was down 4.11% or 1.97 to $45.99 a barrel. Meanwhile, Brent oil for delivery in February unchanged 0.00% or 0.00 to hit $48.24 a barrel, while the December Gold contract fell 0.53% or 6.30 to trade at $1183.00 a troy ounce.

EUR/SAR was up 0.35% to 3.9724, while USD/SAR fell 0.02% to 3.7504.

The US Dollar Index was down 0.28% at 101.48.

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