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Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.38%

Published 01/14/2018, 08:15 AM
© Reuters.  Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.38%
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Investing.com – Saudi Arabia stocks were higher after the close on Sunday, as gains in the Financial Services, Real Estate Development and Hotels & Tourism sectors led shares higher.

At the close in Saudi Arabia, the Tadawul All Share added 1.38% to hit a new 6-months high.

The best performers of the session on the Tadawul All Share were Ash-Sharqiyah Development Company (SE:6060), which rose 9.41% or 4.19 points to trade at 48.70 at the close. Meanwhile, Dar Alarkan Real Estate Development (SE:4300) added 8.48% or 0.89 points to end at 11.38 and Kingdom Holding Company (SE:4280) was up 7.01% or 0.61 points to 9.31 in late trade.

The worst performers of the session were Etihad Atheeb Telecommunication (SE:7040), which fell 6.12% or 0.420 points to trade at 6.440 at the close. Rabigh Refining & Petrochemical Co (SE:2380) declined 2.80% or 0.55 points to end at 19.10 and Advanced Petrochemical Company (SE:2330) was down 2.39% or 1.04 points to 42.40.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 128 to 53 and 3 ended unchanged.

Shares in Advanced Petrochemical Company (SE:2330) fell to 52-week lows; losing 2.39% or 1.04 to 42.40.

Crude oil for February delivery was up 0.94% or 0.60 to $64.40 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 0.78% or 0.54 to hit $69.80 a barrel, while the February Gold Futures contract rose 1.19% or 15.80 to trade at $1338.30 a troy ounce.

EUR/SAR was up 1.29% to 4.5705, while USD/SAR rose 0.01% to 3.7503.

The US Dollar Index Futures was down 1.13% at 90.62.

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