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Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.39%

Published 03/21/2023, 10:15 AM
Updated 03/21/2023, 10:15 AM
© Reuters.  Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.39%

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

At the close in Saudi Arabia, the Tadawul All Share rose 1.39%.

The best performers of the session on the Tadawul All Share were Arab Sea Information Systems Co SJSC (TADAWUL:7201), which rose 9.95% or 6.40 points to trade at 70.70 at the close. Meanwhile, Thimar Development Holding Co (TADAWUL:4160) added 9.92% or 4.40 points to end at 48.75 and Perfect Presentation for Commercial Services Company PJSC (TADAWUL:7204) was up 9.71% or 17.00 points to 192.00 in late trade.

The worst performers of the session were Yamamah Saudi Cement Co. (TADAWUL:3020), which fell 3.19% or 1.00 points to trade at 30.30 at the close. Al ELM Information Security Company CJSC (TADAWUL:7203) declined 2.07% or 9.00 points to end at 426.00 and Almarai Company (TADAWUL:2280) was down 2.01% or 1.10 points to 53.60.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 199 to 56 and 14 ended unchanged.

Shares in Thimar Development Holding Co (TADAWUL:4160) rose to 5-year highs; gaining 9.92% or 4.40 to 48.75. Shares in Perfect Presentation for Commercial Services Company PJSC (TADAWUL:7204) rose to all time highs; rising 9.71% or 17.00 to 192.00.

Crude oil for May delivery was up 1.83% or 1.24 to $69.06 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May rose 1.60% or 1.18 to hit $74.97 a barrel, while the April Gold Futures contract fell 1.70% or 33.75 to trade at $1,949.05 a troy ounce.

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EUR/SAR was up 0.52% to 4.05, while USD/SAR unchanged 0.01% to 3.76.

The US Dollar Index Futures was down 0.14% at 102.79.

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