Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.35%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.35%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Thursday, as gains in the Multi Investment , Hotels & Tourism and Insurance sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share gained 0.35%.

The biggest gainers of the session on the Tadawul All Share were Food Products Co. (SE: 2100 ), which rose 10.49% or 2.25 points to trade at 23.70 at the close. The Mediterranean&Gulf Insurance Co (SE: 8030 ) added 7.14% or 1.70 points to end at 25.50 and Al Hokair Group (SE: 1820 ) was up 6.12% or 2.10 points to 36.40 in late trade.

Biggest losers included Arabian Cement Co (SE: 3010 ), which lost 2.54% or 1.20 points to trade at 46.00 in late trade. Zamil Industrial Investment Co (SE: 2240 ) declined 2.14% or 0.60 points to end at 27.50 and Al Hammadi Co (SE: 4007 ) shed 1.30% or 0.50 points to 38.00.

Advancing stocks outnumbered falling ones by 124 to 24 and 20 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for January delivery was down 0.51% or 0.26 to $50.78 a barrel. Meanwhile, Brent oil for delivery in February rose 0.13% or 0.07 to hit $53.97 a barrel, while the February Gold contract fell 2.98% or 34.70 to trade at $1129.00 a troy ounce.

EUR/SAR was down 1.14% to 3.9068, while USD/SAR unchanged 0.00% to 3.7508.

The US Dollar Index was up 1.01% at 103.06.

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