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Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.77%

Published 08/14/2016, 09:15 AM
Updated 08/14/2016, 09:15 AM
© Reuters.  Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.77%

© Reuters. Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.77%

Investing.com – Saudi Arabia stocks were higher after the close on Sunday, as gains in the Energy & Utilities, Real Estate Development and Multi Investment sectors led shares higher.

At the close in Saudi Arabia, the Tadawul All Share added 0.77%.

The best performers of the session on the Tadawul All Share were Al Sagr Co-operative Insurance Co (SE:8180), which rose 5.43% or 2.40 points to trade at 46.60 at the close. Meanwhile, Saudi Arabian Cooperative Insurance (SE:8100) added 4.34% or 0.75 points to end at 18.05 and Anaam International Holding Group (SE:4061) was up 3.74% or 0.65 points to 18.05 in late trade.

The worst performers of the session were Arriyadh Development Co. (SE:4150), which fell 2.10% or 0.45 points to trade at 21.00 at the close. Dur Hospitality (SE:4010) declined 1.71% or 0.40 points to end at 22.95 and Alinma Tokio Marine Co (SE:8312) was down 1.58% or 0.30 points to 18.70.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 112 to 32 and 25 ended unchanged.

Shares in Al Sagr Co-operative Insurance Co (SE:8180) rose to 52-week highs; rising 5.43% or 2.40 to 46.60.

Crude oil for September delivery was up 2.83% or 1.23 to $44.72 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 2.50% or 1.15 to hit $47.19 a barrel, while the December Gold contract fell 0.61% or 8.20 to trade at $1341.80 a troy ounce.

EUR/SAR was up 0.26% to 4.1873, while USD/SAR rose 0.02% to 3.7508.

The US Dollar Index was down 0.23% at 95.68.

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