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Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.54%

Published 07/12/2023, 10:15 AM
© Reuters.  Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.54%

Investing.com – Saudi Arabia stocks were higher after the close on Wednesday, as gains in the Retail, Financial Services and Insurance sectors led shares higher.

At the close in Saudi Arabia, the Tadawul All Share gained 0.54% to hit a new 6-months high.

The best performers of the session on the Tadawul All Share were Anaam International Holding Group (TADAWUL:4061), which rose 9.40% or 0.11 points to trade at 1.28 at the close. Meanwhile, Al ELM Information Security Company CJSC (TADAWUL:7203) added 8.66% or 53.40 points to end at 669.80 and United Electronics Company (TADAWUL:4003) was up 6.16% or 4.70 points to 81.00 in late trade.

The worst performers of the session were Wataniya Insurance Company (TADAWUL:8300), which fell 3.23% or 0.64 points to trade at 19.20 at the close. Yamamah Saudi Cement Co. (TADAWUL:3020) declined 3.11% or 1.15 points to end at 35.85 and Astra Industrial Group (TADAWUL:1212) was down 2.99% or 2.90 points to 94.00.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 142 to 119 and 19 ended unchanged.

Shares in Al ELM Information Security Company CJSC (TADAWUL:7203) rose to all time highs; gaining 8.66% or 53.40 to 669.80.

Crude oil for August delivery was up 1.31% or 0.98 to $75.81 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 0.99% or 0.79 to hit $80.19 a barrel, while the August Gold Futures contract rose 1.29% or 24.95 to trade at $1,962.05 a troy ounce.

EUR/SAR was up 0.85% to 4.16, while USD/SAR unchanged 0.01% to 3.75.

The US Dollar Index Futures was down 0.94% at 100.45.

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