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Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.08%

Published 04/17/2019, 10:15 AM
Updated 04/17/2019, 10:15 AM
© Reuters.  Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.08%

Investing.com – Saudi Arabia stocks were higher after the close on Wednesday, as gains in the Financial Services, Media & Publishing and Insurance sectors led shares higher.

At the close in Saudi Arabia, the Tadawul All Share added 1.08% to hit a new 3-years high.

The best performers of the session on the Tadawul All Share were Alinma Bank (SE:1150), which rose 4.07% or 1.05 points to trade at 26.85 at the close. Meanwhile, Alkhaleej Training & Education Co (SE:4290) added 3.64% or 0.52 points to end at 14.80 and Banque Saudi Fransi (SE:1050) was up 3.28% or 1.30 points to 40.90 in late trade.

The worst performers of the session were Gulf Union Cooperative Insurance (SE:8120), which fell 4.84% or 0.78 points to trade at 15.34 at the close. Saudi Cement Company (SE:3030) declined 2.91% or 1.80 points to end at 60.00 and Saudi Ceramic Co. (SE:2040) was down 2.38% or 0.48 points to 19.72.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 105 to 70 and 16 ended unchanged.

Shares in Alinma Bank (SE:1150) rose to all time highs; gaining 4.07% or 1.05 to 26.85. Shares in Banque Saudi Fransi (SE:1050) rose to 3-years highs; gaining 3.28% or 1.30 to 40.90.

Crude oil for May delivery was up 0.06% or 0.04 to $64.09 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June unchanged 0.00% or 0.00 to hit $71.72 a barrel, while the June Gold Futures contract fell 0.07% or 0.85 to trade at $1276.35 a troy ounce.

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EUR/SAR was up 0.11% to 4.2348, while USD/SAR fell 0.00% to 3.7501.

The US Dollar Index Futures was up 0.03% at 96.685.

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