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Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.39%

Published 09/03/2020, 10:15 AM
Updated 09/03/2020, 10:15 AM
© Reuters.  Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.39%

Investing.com – Saudi Arabia stocks were higher after the close on Thursday, as gains in the Energy & Utilities, Retail and Hotels & Tourism sectors led shares higher.

At the close in Saudi Arabia, the Tadawul All Share added 0.39% to hit a new 6-months high.

The best performers of the session on the Tadawul All Share were Saudi Arabia Refineries Co. (SE:2030), which rose 9.88% or 7.50 points to trade at 83.40 at the close. Meanwhile, Gulf General Cooperative Insurance (SE:8260) added 9.87% or 1.34 points to end at 14.92 and Abdullah Saad Mohammed Abo Moati Stationeries Co (SE:4191) was up 6.64% or 1.75 points to 28.10 in late trade.

The worst performers of the session were The Saudi British Bank (SE:1060), which fell 3.17% or 0.85 points to trade at 26.00 at the close. Saudi Pharmaceutical Appliances (SE:2070) declined 2.62% or 0.90 points to end at 33.50 and Tabuk Agriculture Development Co (SE:6040) was down 2.50% or 0.64 points to 24.96.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 107 to 74 and 21 ended unchanged.

Shares in Saudi Arabia Refineries Co. (SE:2030) rose to 5-year highs; up 9.88% or 7.50 to 83.40. Shares in Gulf General Cooperative Insurance (SE:8260) rose to 52-week highs; up 9.87% or 1.34 to 14.92. Shares in Abdullah Saad Mohammed Abo Moati Stationeries Co (SE:4191) rose to all time highs; gaining 6.64% or 1.75 to 28.10.

Crude oil for October delivery was down 0.67% or 0.28 to $41.23 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 1.01% or 0.45 to hit $43.98 a barrel, while the December Gold Futures contract rose 0.12% or 2.35 to trade at $1947.05 a troy ounce.

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EUR/SAR was down 0.11% to 4.4404, while USD/SAR rose 0.01% to 3.7505.

The US Dollar Index Futures was down 0.00% at 92.832.

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