Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.53%

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By Robert Fofana

Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.53%
© Reuters. Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.53%

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

At the close in Saudi Arabia, the rose 1.53% to hit a new 1-month high.

The best performers of the session on the were Arab Sea Information Systems Co SJSC (TADAWUL:), which rose 9.89% or 0.53 points to trade at 5.89 at the close. Meanwhile, Saudi Pharmaceutical Appliances (TADAWUL:) added 6.03% or 1.75 points to end at 30.75 and Almunajem Foods Company SJSC (TADAWUL:) was up 5.92% or 3.80 points to 68.00 in late trade.

The worst performers of the session were Etihad Atheeb Telecommunication (TADAWUL:), which fell 9.94% or 16.80 points to trade at 152.20 at the close. Arabian Pipes Company (TADAWUL:) declined 3.31% or 3.80 points to end at 111.00 and Arabian Drilling Co (TADAWUL:) was down 2.88% or 5.40 points to 182.20.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 215 to 64 and 12 ended unchanged.

Crude oil for December delivery was down 0.31% or 0.24 to $78.02 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January fell 0.27% or 0.22 to hit $82.25 a barrel, while the December Gold Futures contract rose 0.43% or 8.55 to trade at $1,975.05 a troy ounce.

EUR/SAR was down 0.25% to 4.07, while USD/SAR unchanged 0.01% to 3.75.

The US Dollar Index Futures was up 0.17% at 104.08.

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