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Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.01%

Published 04/23/2017, 09:15 AM
Updated 04/23/2017, 10:05 AM
© Reuters.  Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.01%

Investing.com – Saudi Arabia stocks were higher after the close on Sunday, as gains in the Retail, Media & Publishing and Hotels & Tourism sectors led shares higher.

At the close in Saudi Arabia, the Tadawul All Share gained 1.01%.

The best performers of the session on the Tadawul All Share were ACE ARABIA COOPERATIVE INSURANCE (SE:8240), which rose 10.44% or 4.30 points to trade at 45.50 at the close. Meanwhile, Saudi Marke (SE:4006) added 9.71% or 2.70 points to end at 30.50 and Saudi Company for Hardware (SE:4008) was up 8.90% or 8.50 points to 104.00 in late trade.

The worst performers of the session were Saudi Paper Manufacturing Co. (SE:2300), which fell 10.27% or 0.95 points to trade at 8.30 at the close. Al Sorayai Trading&Industrial Group (SE:1213) declined 8.08% or 0.80 points to end at 9.10 and Mobile Telecommunications Company (SE:7030) was down 5.56% or 0.60 points to 10.20.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 139 to 23 and 13 ended unchanged.

Shares in Saudi Company for Hardware (SE:4008) rose to 52-week highs; rising 8.90% or 8.50 to 104.00.

Crude oil for June delivery was down 2.17% or 1.10 to $49.61 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July unchanged 0.00% or 0.00 to hit $52.44 a barrel, while the June Gold Futures contract rose 0.13% or 1.70 to trade at $1285.50 a troy ounce.

EUR/SAR was up 0.06% to 4.0221, while USD/SAR fell 0.02% to 3.7500.

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The US Dollar Index Futures was down 0.05% at 99.66.

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