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Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.51%

Published 01/25/2017, 08:15 AM
Updated 01/25/2017, 08:15 AM
© Reuters.  Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.51%

© Reuters. Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.51%

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

At the close in Saudi Arabia, the Tadawul All Share added 0.51%.

The best performers of the session on the Tadawul All Share were National Gas & Industrialization Co (SE:2080), which rose 9.65% or 3.30 points to trade at 37.50 at the close. Meanwhile, BURUJ COOPERATIVE INSURANCE CO (SE:8270) added 5.05% or 1.50 points to end at 31.20 and Alkhaleej Training & Education Co (SE:4290) was up 4.72% or 0.90 points to 19.95 in late trade.

The worst performers of the session were Gulf Union Cooperative Insurance (SE:8120), which fell 3.01% or 0.40 points to trade at 12.90 at the close. Yanbu Cement Co. (SE:3060) declined 2.46% or 0.90 points to end at 35.70 and Saudi Arabian Cooperative Insurance (SE:8100) was down 2.24% or 0.50 points to 21.85.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 76 to 76 and 18 ended unchanged.

Shares in National Gas & Industrialization Co (SE:2080) rose to 5-year highs; up 9.65% or 3.30 to 37.50. Shares in BURUJ COOPERATIVE INSURANCE CO (SE:8270) rose to 52-week highs; gaining 5.05% or 1.50 to 31.20.

Crude oil for March delivery was down 0.98% or 0.52 to $52.66 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 0.97% or 0.54 to hit $54.90 a barrel, while the February Gold contract fell 0.58% or 7.05 to trade at $1203.75 a troy ounce.

EUR/SAR was up 0.10% to 4.0286, while USD/SAR fell 0.00% to 3.7499.

The US Dollar Index was down 0.26% at 100.01.

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