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Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.59%

Published 01/11/2021, 09:15 AM
© Reuters.  Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.59%
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Investing.com – Saudi Arabia stocks were higher after the close on Monday, as gains in the Building & Construction, Transport and Telecoms & IT sectors led shares higher.

At the close in Saudi Arabia, the Tadawul All Share rose 0.59% to hit a new 52-week high.

The best performers of the session on the Tadawul All Share were Al Samaani Factory Metal Industries Co CJSC (SE:1832), which rose 9.99% or 30.40 points to trade at 334.80 at the close. Meanwhile, Red Sea Housing Services Company (SE:4230) added 9.96% or 2.26 points to end at 24.96 and Tabuk Cement Co. (SE:3090) was up 6.16% or 1.08 points to 18.62 in late trade.

The worst performers of the session were Musharaka REIT (SE:4335), which fell 3.58% or 0.35 points to trade at 9.44 at the close. Allied Cooperative Insurance Group SJSC (SE:8150) declined 2.29% or 1.50 points to end at 63.90 and National Company for Learning and Education SJSC (SE:4291) was down 2.16% or 1.10 points to 49.80.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 121 to 72 and 10 ended unchanged.

Shares in Al Samaani Factory Metal Industries Co CJSC (SE:1832) rose to all time highs; rising 9.99% or 30.40 to 334.80. Shares in Red Sea Housing Services Company (SE:4230) rose to 3-years highs; rising 9.96% or 2.26 to 24.96. Shares in Tabuk Cement Co. (SE:3090) rose to 5-year highs; up 6.16% or 1.08 to 18.62.

Crude oil for February delivery was down 0.98% or 0.51 to $51.73 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 1.36% or 0.76 to hit $55.23 a barrel, while the February Gold Futures contract fell 0.09% or 1.60 to trade at $1833.80 a troy ounce.

EUR/SAR was down 0.60% to 4.5571, while USD/SAR rose 0.01% to 3.7516.

The US Dollar Index Futures was up 0.62% at 90.623.

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