Saudi Arabia shares higher at close of trade; Tadawul All Share up 1.46%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 1.46%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Thursday, as gains in the Financial Services , Cement and Telecoms & IT sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share added 1.46% to hit a new 1-month high.

The biggest gainers of the session on the Tadawul All Share were Saudi Steel Pipe Company (SE: 1320 ), which rose 9.99% or 1.60 points to trade at 17.62 at the close. Advanced Petrochemical Company (SE: 2330 ) added 5.32% or 2.38 points to end at 47.10 and National Industrialization Co (SE: 2060 ) was up 5.01% or 0.87 points to 18.24 in late trade.

Biggest losers included Middle East Specialized Cables Co (SE: 2370 ), which lost 2.44% or 0.21 points to trade at 8.38 in late trade. United Electronics Company (SE: 4003 ) declined 1.99% or 1.29 points to end at 63.40 and Abdullah Al Othaim Markets Company (SE: 4001 ) shed 1.58% or 2.57 points to 160.60.

Advancing stocks outnumbered falling ones by 115 to 58 and 13 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for April delivery was up 0.15% or 0.09 to $61.24 a barrel. Meanwhile, Brent oil for delivery in May fell 0.02% or 0.01 to hit $64.33 a barrel, while the April Gold Futures contract fell 0.11% or 1.50 to trade at $1326.10 a troy ounce.

EUR/SAR was up 0.06% to 4.6578, while USD/SAR fell 0.00% to 3.7500.

The US Dollar Index Futures was unchanged 0.00% at 89.56.

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