Investing.com – Saudi Arabia stocks were higher after the close on Wednesday, as gains in the Insurance, Financial Services and Industrial Investment sectors led shares higher.
At the close in Saudi Arabia, the Tadawul All Share rose 0.49% to hit a new 5-year high.
The best performers of the session on the Tadawul All Share were Scientific and Medical Equipment House Company CJSC (SE:4014), which rose 5.38% or 3.50 points to trade at 68.50 at the close. Meanwhile, Saudi Industrial Development Co. (SE:2130) added 5.37% or 0.90 points to end at 17.66 and Abdullah Saad Mohammed Abo Moati Stationeries Co (SE:4191) was up 4.44% or 1.60 points to 37.60 in late trade.
The worst performers of the session were Al Baha Investment and Development Company SJSC (SE:4130), which fell 4.16% or 0.84 points to trade at 19.36 at the close. Methanol Chemicals Company (SE:2001) declined 4.01% or 1.85 points to end at 44.25 and Etihad Etisalat Co (SE:7020) was down 3.76% or 1.60 points to 40.90.
Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 140 to 77 and 20 ended unchanged.
Shares in Al Baha Investment and Development Company SJSC (SE:4130) fell to 52-week lows; losing 4.16% or 0.84 to 19.36.
Crude oil for May delivery was up 4.38% or 4.79 to $114.06 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May rose 4.51% or 5.21 to hit $120.69 a barrel, while the April Gold Futures contract rose 0.55% or 10.60 to trade at $1,932.10 a troy ounce.
EUR/SAR was down 0.39% to 4.12, while USD/SAR unchanged 0.00% to 3.75.
The US Dollar Index Futures was up 0.22% at 98.74.