Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.87%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.87%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Thursday, as gains in the Financial Services , Real Estate Development and Media & Publishing sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share gained 0.87% to hit a new 1-month high.

The biggest gainers of the session on the Tadawul All Share were Saudi Enaya Cooperative Insurance (SE: 8311 ), which rose 10.43% or 1.20 points to trade at 12.70 at the close. Arabia Insurance Cooperative Co (SE: 8160 ) added 8.72% or 0.75 points to end at 9.35 and Al-Ahlia Insurance Company (SE: 8140 ) was up 6.38% or 0.30 points to 5.00 in late trade.

Biggest losers included SABB Takaful (SE: 8080 ), which lost 3.26% or 0.70 points to trade at 20.80 in late trade. Saudi Indian Company Insurance (SE: 8110 ) declined 1.82% or 0.25 points to end at 13.50 and Arabian Pipes Company (SE: 2200 ) shed 1.44% or 0.20 points to 13.70.

Advancing stocks outnumbered falling ones by 105 to 40 and 24 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for December delivery was up 1.14% or 0.56 to $49.74 a barrel. Meanwhile, Brent oil for delivery in December rose 1.34% or 0.67 to hit $50.65 a barrel, while the December Gold contract rose 0.39% or 4.95 to trade at $1271.55 a troy ounce.

EUR/SAR was up 0.07% to 4.0958, while USD/SAR fell 0.04% to 3.7506.

The US Dollar Index was unchanged 0.00% at 98.59.

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