Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.52%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.52%
Credit: © Reuters.

Investing.com – Saudi Arabia equities were higher at the close on Thursday, as gains in the Transport , Real Estate Development and Telecoms & IT sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share rose 0.52% to hit a new 3-month high.

The biggest gainers of the session on the Tadawul All Share were Dar Alarkan Real Estate Development (SE: 4300 ), which rose 5.61% or 0.56 points to trade at 10.54 at the close. Rabigh Refining & Petrochemical Co (SE: 2380 ) added 4.83% or 0.90 points to end at 19.52 and AXA Cooperative Insurance Company (SE: 8250 ) was up 3.96% or 0.86 points to 22.60 in late trade.

Biggest losers included City Cement Co (SE: 3003 ), which lost 2.56% or 0.30 points to trade at 11.40 in late trade. Advanced Petrochemical Company (SE: 2330 ) declined 2.05% or 0.91 points to end at 43.40 and Saudi Arabia Fertilizers Co. (SE: 2020 ) shed 1.94% or 1.36 points to 68.70.

Advancing stocks outnumbered falling ones by 108 to 73 and 2 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for February delivery was up 0.55% or 0.35 to $63.92 a barrel. Meanwhile, Brent oil for delivery in March rose 0.16% or 0.11 to hit $69.31 a barrel, while the February Gold Futures contract rose 0.24% or 3.20 to trade at $1322.50 a troy ounce.

EUR/SAR was up 0.60% to 4.5080, while USD/SAR rose 0.04% to 3.7515.

The US Dollar Index Futures was down 0.28% at 91.85.

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