Saudi Arabia shares higher at close of trade; Tadawul All Share up 2.34%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 2.34%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Thursday, as gains in the Hotels & Tourism , Energy & Utilities and Real Estate Development sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share rose 2.34%.

The biggest gainers of the session on the Tadawul All Share were Saudi Ground Services Co (SE: 4031 ), which rose 9.43% or 3.80 points to trade at 44.10 at the close. Al-Tayyar Travel Group Holding Co. (SE: 1810 ) added 9.20% or 2.40 points to end at 28.50 and Middle East Healthcare Co (SE: 4009 ) was up 9.18% or 4.75 points to 56.50 in late trade.

Biggest losers included Malath Cooperative Insurance Co (SE: 8020 ), which lost 10.98% or 0.90 points to trade at 7.30 in late trade. BURUJ COOPERATIVE INSURANCE CO (SE: 8270 ) declined 6.42% or 1.15 points to end at 16.75 and Etihad Etisalat Co (SE: 7020 ) shed 6.32% or 1.15 points to 17.05.

Advancing stocks outnumbered falling ones by 128 to 28 and 13 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for December delivery was down 1.83% or 0.95 to $50.87 a barrel. Meanwhile, Brent oil for delivery in December fell 1.99% or 1.05 to hit $51.62 a barrel, while the December Gold contract rose 0.15% or 1.85 to trade at $1271.75 a troy ounce.

EUR/SAR was down 0.11% to 4.1118, while USD/SAR rose 0.01% to 3.7506.

The US Dollar Index was up 0.18% at 98.05.

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