Saudi Arabia shares higher at close of trade; Tadawul All Share up 1.69%

Investing.com – Saudi Arabia equities were higher at the close on Sunday, as gains in the Hotels & Tourism , Insurance and Petrochemicals sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share gained 1.69% to hit a new 3-month high.

The biggest gainers of the session on the Tadawul All Share were Saudi Kayan Petrochemical Company (SE: 2350 ), which rose 9.92% or 0.60 points to trade at 6.65 at the close. Saudi Indian Company Insurance (SE: 8110 ) added 9.92% or 1.80 points to end at 19.95 and Bawan (SE: 1302 ) was up 9.90% or 2.05 points to 22.75 in late trade.

Biggest losers included United Electronics Company (SE: 4003 ), which lost 5.45% or 1.50 points to trade at 26.00 in late trade. Aseer Trading Tourism&Manufacturing (SE: 4080 ) declined 3.14% or 0.70 points to end at 21.60 and Saudi Industrial Export Co (SE: 4140 ) shed 2.69% or 1.20 points to 43.40.

Advancing stocks outnumbered falling ones by 140 to 19 and 8 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for June delivery was up 1.27% or 0.55 to $43.73 a barrel. Meanwhile, Brent oil for delivery in June rose 1.35% or 0.60 to hit $45.13 a barrel, while the June Gold contract fell 1.22% or 15.20 to trade at $1235.10 a troy ounce.

EUR/SAR was down 0.59% to 4.2097, while USD/SAR fell 0.06% to 3.7498.

The US Dollar Index was up 0.52% at 95.11.