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Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.03%

Published 03/07/2022, 09:15 AM
Updated 03/07/2022, 09:15 AM
© Reuters.  Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.03%

Investing.com – Saudi Arabia stocks were higher after the close on Monday, as gains in the Cement, Energy & Utilities and Transport sectors led shares higher.

At the close in Saudi Arabia, the Tadawul All Share gained 0.03% to hit a new 5-year high.

The best performers of the session on the Tadawul All Share were International Company for Water and Power Projects (ACWA Power) (SE:2082), which rose 7.24% or 7.40 points to trade at 109.60 at the close. Meanwhile, SABIC AgriNutrients Co (SE:2020) added 6.52% or 12.20 points to end at 199.40 and Saudi Arabian Mining Company (SE:1211) was up 6.38% or 7.80 points to 130.00 in late trade.

The worst performers of the session were Saudi RE Cooperative Reinsurance (SE:8200), which fell 4.47% or 0.80 points to trade at 17.10 at the close. Methanol Chemicals Company (SE:2001) declined 3.99% or 1.80 points to end at 43.30 and Alinma Bank (SE:1150) was down 3.93% or 1.35 points to 33.00.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 144 to 79 and 8 ended unchanged.

Shares in International Company for Water and Power Projects (ACWA Power) (SE:2082) rose to all time highs; gaining 7.24% or 7.40 to 109.60. Shares in SABIC AgriNutrients Co (SE:2020) rose to all time highs; gaining 6.52% or 12.20 to 199.40. Shares in Saudi Arabian Mining Company (SE:1211) rose to all time highs; up 6.38% or 7.80 to 130.00.

Crude oil for April delivery was up 1.07% or 1.24 to $116.92 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May rose 2.26% or 2.67 to hit $120.78 a barrel, while the April Gold Futures contract rose 0.41% or 8.00 to trade at $1,974.60 a troy ounce.

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EUR/SAR was down 0.14% to 4.09, while USD/SAR unchanged 0.00% to 3.75.

The US Dollar Index Futures was up 0.13% at 98.80.

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