Saudi Arabia shares higher at close of trade; Tadawul All Share up 1.67%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 1.67%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Tuesday, as gains in the Insurance , Building & Construction and Hotels & Tourism sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share gained 1.67% to hit a new 3-month high.

The biggest gainers of the session on the Tadawul All Share were Arabian Cement Co (SE: 3010 ), which rose 9.96% or 4.80 points to trade at 53.00 at the close. Saudi United Cooperative Insurance (SE: 8060 ) added 9.91% or 1.10 points to end at 12.20 and United Cooperative Assurance Co (SE: 8190 ) was up 9.64% or 0.95 points to 10.80 in late trade.

Biggest losers included Alujain Corporation (SE: 2170 ), which lost 5.35% or 0.85 points to trade at 15.05 in late trade. Saudi Airlines Catering Company (SE: 6004 ) declined 2.70% or 3.00 points to end at 108.25 and Alkhaleej Training & Education Co (SE: 4290 ) shed 2.47% or 0.70 points to 27.60.

Advancing stocks outnumbered falling ones by 152 to 6 and 10 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for June delivery was up 0.29% or 0.12 to $41.31 a barrel. Meanwhile, Brent oil for delivery in June rose 0.61% or 0.26 to hit $43.17 a barrel, while the June Gold contract rose 1.38% or 17.00 to trade at $1252.00 a troy ounce.

EUR/SAR was up 0.44% to 4.2621, while USD/SAR fell 0.02% to 3.7503.

The US Dollar Index was down 0.39% at 94.08.

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