Saudi Arabia shares higher at close of trade; Tadawul All Share up 1.56%

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Saudi Arabia shares higher at close of trade; Tadawul All Share up 1.56%
Credit: © Reuters. – Saudi Arabia equities were higher at the close on Sunday, as gains in the Hotels & Tourism , Real Estate Development and Retail sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share rose 1.56%.

The biggest gainers of the session on the Tadawul All Share were Dar Alarkan Real Estate Development (SE: 4300 ), which rose 10.75% or 0.50 points to trade at 5.15 at the close. United Cooperative Assurance Co (SE: 8190 ) added 10.31% or 1.15 points to end at 12.30 and Saudi Cable Company (SE: 2110 ) was up 9.89% or 0.45 points to 5.00 in late trade.

Biggest losers included Takween Advanced Industries (SE: 1201 ), which lost 6.11% or 0.70 points to trade at 10.75 in late trade. Arabian Pipes Company (SE: 2200 ) declined 3.41% or 0.50 points to end at 14.15 and AL-BABTAIN POWER &TELECOM CO (SE: 2320 ) shed 2.27% or 0.55 points to 23.70.

Advancing stocks outnumbered falling ones by 145 to 16 and 8 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for December delivery was up 0.69% or 0.35 to $50.98 a barrel. Meanwhile, Brent oil for delivery in December rose 1.03% or 0.53 to hit $51.91 a barrel, while the December Gold contract fell 0.04% or 0.45 to trade at $1267.05 a troy ounce.

EUR/SAR was down 0.36% to 4.0834, while USD/SAR rose 0.06% to 3.7523.

The US Dollar Index was up 0.34% at 98.62.

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