Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.99%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.99%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Wednesday, as gains in the Hotels & Tourism , Transport and Energy & Utilities sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share added 0.99% to hit a new 1-month high.

The biggest gainers of the session on the Tadawul All Share were Arabian Pipes Company (SE: 2200 ), which rose 9.67% or 1.30 points to trade at 14.75 at the close. Amana Cooperative Insurance Co (SE: 8310 ) added 9.52% or 0.90 points to end at 10.35 and Saudi Industrial Development Co. (SE: 2130 ) was up 4.93% or 0.55 points to 11.70 in late trade.

Biggest losers included Saudi Kayan Petrochemical Company (SE: 2350 ), which lost 2.78% or 0.20 points to trade at 7.00 in late trade. Solidarity Saudi Takaful Co (SE: 8290 ) declined 2.45% or 0.25 points to end at 9.95 and Al-Ahlia Insurance Company (SE: 8140 ) shed 1.83% or 0.15 points to 8.05.

Advancing stocks outnumbered falling ones by 127 to 22 and 21 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for August delivery was down 1.03% or 0.48 to $46.32 a barrel. Meanwhile, Brent oil for delivery in September fell 1.36% or 0.66 to hit $47.81 a barrel, while the August Gold contract rose 0.45% or 6.05 to trade at $1341.35 a troy ounce.

EUR/SAR was up 0.26% to 4.1599, while USD/SAR fell 0.00% to 3.7503.

The US Dollar Index was down 0.26% at 96.30.

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