Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.93%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.93%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Wednesday, as gains in the Energy & Utilities , Real Estate Development and Retail sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share rose 0.93% to hit a new 1-month high.

The biggest gainers of the session on the Tadawul All Share were National Agriculture Development Co (SE: 6010 ), which rose 9.76% or 2.80 points to trade at 31.50 at the close. United Electronics Company (SE: 4003 ) added 7.37% or 2.50 points to end at 36.40 and Makkah Construction&Development Co (SE: 4100 ) was up 5.54% or 6.25 points to 119.00 in late trade.

Biggest losers included Southern Province Cement Co. (SE: 3050 ), which lost 2.09% or 1.25 points to trade at 58.50 in late trade. Gulf General Cooperative Insurance (SE: 8260 ) declined 1.68% or 0.30 points to end at 17.60 and Allianz Saudi Fransi Cooperative Insurance Company (SE: 8040 ) shed 0.93% or 0.40 points to 42.80.

Advancing stocks outnumbered falling ones by 113 to 34 and 29 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for May delivery was up 1.20% or 0.61 to $51.64 a barrel. Meanwhile, Brent oil for delivery in June rose 1.16% or 0.63 to hit $54.80 a barrel, while the June Gold Futures contract fell 0.59% or 7.45 to trade at $1250.95 a troy ounce.

EUR/SAR was down 0.11% to 3.9994, while USD/SAR unchanged 0.00% to 3.7504.

The US Dollar Index Futures was up 0.08% at 100.50.

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