Investing.com – Saudi Arabia stocks were higher after the close on Wednesday, as gains in the Telecoms & IT, Petrochemicals and Financial Services sectors led shares higher.
At the close in Saudi Arabia, the Tadawul All Share added 0.89% to hit a new 1-month high.
The best performers of the session on the Tadawul All Share were Al-Ahlia Insurance Company (SE:8140), which rose 9.89% or 1.30 points to trade at 14.45 at the close. Meanwhile, Mobile Telecommunications Company (SE:7030) added 9.84% or 0.90 points to end at 10.05 and Etihad Etisalat Co (SE:7020) was up 7.13% or 1.55 points to 23.30 in late trade.
The worst performers of the session were AlJazira Mawten REIT (SE:4331), which fell 3.20% or 0.70 points to trade at 21.15 at the close. ALABDULLATIF CO. (SE:2340) declined 2.39% or 0.35 points to end at 14.30 and National Agriculture Development Co (SE:6010) was down 2.30% or 0.80 points to 34.00.
Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 128 to 30 and 18 ended unchanged.
Shares in Mobile Telecommunications Company (SE:7030) rose to 52-week highs; up 9.84% or 0.90 to 10.05.
Crude oil for May delivery was up 0.24% or 0.13 to $53.53 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 0.27% or 0.15 to hit $56.38 a barrel, while the June Gold Futures contract rose 0.25% or 3.15 to trade at $1277.35 a troy ounce.
EUR/SAR was down 0.03% to 3.9764, while USD/SAR fell 0.00% to 3.7502.
The US Dollar Index Futures was down 0.02% at 100.61.