Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.50%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.50%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Thursday, as gains in the Petrochemicals , Building & Construction and Telecoms & IT sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share added 0.50%.

The biggest gainers of the session on the Tadawul All Share were Eastern Province Cement Co. (SE: 3080 ), which rose 5.42% or 1.08 points to trade at 21.00 at the close. Al Sorayai Trading&Industrial Group (SE: 1213 ) added 4.46% or 0.64 points to end at 15.00 and Saudi Paper Manufacturing Co. (SE: 2300 ) was up 3.58% or 0.48 points to 13.88 in late trade.

Biggest losers included Saudi Enaya Cooperative Insurance (SE: 8311 ), which lost 5.00% or 1.16 points to trade at 22.04 in late trade. Amana Cooperative Insurance Co (SE: 8310 ) declined 2.47% or 0.54 points to end at 21.36 and Allianz Saudi Fransi Cooperative Insurance Company (SE: 8040 ) shed 2.23% or 0.70 points to 30.70.

Advancing stocks outnumbered falling ones by 115 to 55 and 17 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for February delivery was down 2.62% or 1.22 to $45.39 a barrel. Meanwhile, Brent oil for delivery in March fell 2.68% or 1.48 to hit $53.81 a barrel, while the February Gold Futures contract rose 0.50% or 6.35 to trade at $1276.10 a troy ounce.

EUR/SAR was up 0.17% to 4.2668, while USD/SAR fell 0.01% to 3.7513.

The US Dollar Index Futures was down 0.18% at 96.410.

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