Saudi Arabia shares higher at close of trade; Tadawul All Share up 1.50%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 1.50%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Wednesday, as gains in the Petrochemicals , Multi Investment and Insurance sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share added 1.50% to hit a new 6-month high.

The biggest gainers of the session on the Tadawul All Share were Saudi Transport & Investment Co (SE: 4110 ), which rose 6.78% or 3.35 points to trade at 52.75 at the close. Fawaz Abdulaziz AlHokair Company (SE: 4240 ) added 6.67% or 2.20 points to end at 35.20 and Ash-Sharqiyah Development Company (SE: 6060 ) was up 6.59% or 2.90 points to 46.90 in late trade.

Biggest losers included Gulf Union Cooperative Insurance (SE: 8120 ), which lost 1.49% or 0.15 points to trade at 9.90 in late trade. Saudi vitrified clay pipes co. (SE: 2360 ) declined 1.02% or 0.75 points to end at 73.00 and Saudi Research and Marketing Group (SE: 4210 ) shed 0.60% or 0.20 points to 33.20.

Advancing stocks outnumbered falling ones by 145 to 8 and 16 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for January delivery was up 7.23% or 3.27 to $48.50 a barrel. Meanwhile, Brent oil for delivery in February rose 7.31% or 3.46 to hit $50.78 a barrel, while the February Gold contract fell 0.47% or 5.65 to trade at $1185.15 a troy ounce.

EUR/SAR was down 0.20% to 3.9868, while USD/SAR fell 0.01% to 3.7504.

The US Dollar Index was up 0.22% at 101.20.

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