Saudi Arabia shares higher at close of trade; Tadawul All Share up 5.50%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 5.50%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Wednesday, as gains in the Financial Services , Agriculture & Food and Energy & Utilities sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share rose 5.50% to hit a new 52-week high.

The biggest gainers of the session on the Tadawul All Share were Samba Financial Group (SE: 1090 ), which rose 10.26% or 2.33 points to trade at 25.05 at the close. Emaar The Economic City (SE: 4220 ) added 10.21% or 1.38 points to end at 14.90 and National Com Bnk (SE: 1180 ) was up 10.04% or 4.60 points to 50.40 in late trade.

Biggest losers included Salama Cooperative Insurance Co (SE: 8050 ), which lost 2.25% or 0.38 points to trade at 16.50 in late trade. Al-Ahlia Insurance Company (SE: 8140 ) declined 1.16% or 0.12 points to end at 10.26 and Tihama Advertising&Public Relations (SE: 4070 ) shed 1.08% or 0.35 points to 32.00.

Advancing stocks outnumbered falling ones by 159 to 14 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 $43.59 a barrel. Meanwhile, Brent oil for delivery in August fell 0.02% or 0.01 to hit $46.01 a barrel, while the August Gold Futures contract rose 0.05% or 0.66 to trade at $1244.16 a troy ounce.

EUR/SAR was up 0.10% to 4.1788, while USD/SAR rose 0.01% to 3.7505.

The US Dollar Index Futures was down 0.08% at 97.32.

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