Investing.com – Saudi Arabia stocks were higher after the close on Wednesday, as gains in the Insurance, Telecoms & IT and Financial Services sectors led shares higher.
At the close in Saudi Arabia, the Tadawul All Share gained 0.46% to hit a new 1-month high.
The best performers of the session on the Tadawul All Share were Al Alamiya Cooperative Insurance (SE:8280), which rose 9.68% or 5.23 points to trade at 59.25 at the close. Meanwhile, National Petrochemical Company (SE:2002) added 7.43% or 1.91 points to end at 27.60 and Malath Cooperative Insurance Co (SE:8020) was up 5.71% or 2.02 points to 37.40 in late trade.
The worst performers of the session were Arabian Cement Co (SE:3010), which fell 2.49% or 1.89 points to trade at 74.00 at the close. Saudi Basic Industries Corp (SE:2010) declined 1.99% or 2.03 points to end at 99.75 and Al Hokair Group (SE:1820) was down 1.69% or 1.50 points to 87.00.
Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 134 to 31.
Crude oil for September delivery was down 1.30% or 0.66 to $50.20 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 0.89% or 0.51 to hit $56.53 a barrel, while the August Gold contract fell 1.20% or 13.20 to trade at $1090.30 a troy ounce.
EUR/SAR was down 0.25% to 4.0919, while USD/SAR fell 0.00% to 3.7502.
The US Dollar Index was up 0.23% at 97.64.