Saudi Arabia shares higher at close of trade; Tadawul All Share up 2.95%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 2.95%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Wednesday, as gains in the Media & Publishing , Real Estate Development and Telecoms & IT sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share gained 2.95% to hit a new 6-month high.

The biggest gainers of the session on the Tadawul All Share were Electrical Industries Co (SE: 1303 ), which rose 10.97% or 2.15 points to trade at 21.75 at the close. Saudi Printing & Packaging Company (SE: 4270 ) added 9.76% or 1.65 points to end at 18.55 and Saudi Research and Marketing Group (SE: 4210 ) was up 9.63% or 2.90 points to 33.00 in late trade.

Biggest losers included Al-Rajhi Cooperative Insurance (SE: 8230 ), which lost 0.97% or 0.30 points to trade at 30.70 in late trade. Saudi United Cooperative Insurance (SE: 8060 ) declined 0.83% or 0.15 points to end at 17.85 and Trade Union Cooperative Insurance (SE: 8170 ) shed 0.71% or 0.10 points to 14.05.

Advancing stocks outnumbered falling ones by 157 to 5 and 7 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for January delivery was down 0.31% or 0.15 to $47.88 a barrel. Meanwhile, Brent oil for delivery in January fell 0.06% or 0.03 to hit $49.09 a barrel, while the December Gold contract fell 0.28% or 3.35 to trade at $1207.85 a troy ounce.

EUR/SAR was down 0.26% to 3.9753, while USD/SAR fell 0.01% to 3.7506.

The US Dollar Index was up 0.19% at 101.28.

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