Saudi Arabia shares higher at close of trade; Tadawul All Share up 2.40%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 2.40%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Monday, as gains in the Financial Services , Industrial Investment and Insurance sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share gained 2.40% to hit a new 1-month high.

The biggest gainers of the session on the Tadawul All Share were Banque Saudi Fransi (SE: 1050 ), which rose 7.45% or 2.05 points to trade at 29.55 at the close. Tabuk Agriculture Development Co (SE: 6040 ) added 6.72% or 0.80 points to end at 12.70 and Sahara (SE: 2260 ) was up 6.33% or 0.78 points to 13.10 in late trade.

Biggest losers included Saudi Indian Company Insurance (SE: 8110 ), which lost 7.01% or 1.56 points to trade at 20.70 in late trade. Salama Cooperative Insurance Co (SE: 8050 ) declined 2.33% or 0.40 points to end at 16.78 and Mouwasat Medical Services Company (SE: 4002 ) shed 1.36% or 2.00 points to 145.00.

Advancing stocks outnumbered falling ones by 145 to 27 and 7 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for August delivery was up 0.18% or 0.08 to $45.05 a barrel. Meanwhile, Brent oil for delivery in August rose 0.23% or 0.11 to hit $47.48 a barrel, while the August Gold Futures contract fell 0.53% or 6.68 to trade at $1249.82 a troy ounce.

EUR/SAR was down 0.17% to 4.1913, while USD/SAR rose 0.01% to 3.7504.

The US Dollar Index Futures was up 0.20% at 97.06.

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