Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.61%

(C) Reuters. Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.61%

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

At the close in Saudi Arabia, the Tadawul All Share gained 0.61% to hit a new 52-week high.

The best performers of the session on the Tadawul All Share were Abdullah Saad Mohammed Abo Moati Stationeries Co (SE:4191), which rose 10.00% or 4.20 points to trade at 46.20 at the close. Meanwhile, Saudi RE Cooperative Reinsurance (SE:8200) added 9.92% or 1.20 points to end at 13.30 and Raydan Co (SE:6012) was up 9.91% or 2.85 points to 31.60 in late trade.

The worst performers of the session were Anaam International Holding Group (SE:4061), which fell 4.19% or 8.00 points to trade at 183.00 at the close. Zahrat Al Waha for Trading Co (SE:3007) declined 3.72% or 2.90 points to end at 75.00 and Tourism Enterprise Co. (SE:4170) was down 3.11% or 2.30 points to 71.60.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 103 to 90 and 11 ended unchanged.

Shares in Abdullah Saad Mohammed Abo Moati Stationeries Co (SE:4191) rose to all time highs; rising 10.00% or 4.20 to 46.20. Shares in Saudi RE Cooperative Reinsurance (SE:8200) rose to 5-year highs; rising 9.92% or 1.20 to 13.30. Shares in Raydan Co (SE:6012) rose to 52-week highs; up 9.91% or 2.85 to 31.60.

Crude oil for January delivery was up 1.36% or 0.61 to $45.52 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 1.15% or 0.55 to hit $48.33 a barrel, while the December Gold Futures contract rose 0.38% or 6.85 to trade at $1811.45 a troy ounce.

EUR/SAR was up 0.17% to 4.4665, while USD/SAR rose 0.00% to 3.7504.

The US Dollar Index Futures was down 0.17% at 92.062.