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Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.65%

Source Investing

Investing.com – Saudi Arabia equities were higher at the close on Wednesday, as gains in the Financial Services, Hotels&Tourism and Industrial Investment sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share rose 0.65% to hit a new 1-month high.

The biggest gainers of the session on the Tadawul All Share were Al Baha Investment and Development Company SJSC (TADAWUL:4130), which rose 10.00% or 0.03 points to trade at 0.33 at the close. Tourism Enterprise Co. (TADAWUL:4170) added 6.32% or 0.06 points to end at 1.01 and Saudi Electricity Company (TADAWUL:5110) was up 6.28% or 1.02 points to 17.26 in late trade.

Biggest losers included Almunajem Foods Company SJSC (TADAWUL:4162), which lost 7.81% or 9.00 points to trade at 106.20 in late trade. Wataniya Insurance Company (TADAWUL:8300) declined 4.33% or 1.04 points to end at 23.00 and Saudi Research and Marketing Group (TADAWUL:4210) shed 3.74% or 10.40 points to 268.00.

Advancing stocks outnumbered falling ones by 206 to 95 and 20 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for December delivery was down 1.94% or 1.40 to $70.59 a barrel. Meanwhile, Brent oil for delivery in January fell 1.84% or 1.39 to hit $74.14 a barrel, while the December Gold Futures contract fell 1.53% or 42.10 to trade at $2,707.60 a troy ounce.

EUR/SAR was down 2.16% to 4.02, while USD/SAR unchanged 0.01% to 3.76.

The US Dollar Index Futures was up 1.90% at 105.29.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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