Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.35%
Investing.com
Published Sep 03, 2018 09:15AM ET
Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.35%
Investing.com – Saudi Arabia stocks were higher after the close on Monday, as gains in the Real Estate Development, Telecoms & IT and Insurance sectors led shares higher.
At the close in Saudi Arabia, the Tadawul All Share rose 0.35%.
The best performers of the session on the Tadawul All Share were Saudi Steel Pipe Company (SE:1320), which rose 7.66% or 1.60 points to trade at 22.50 at the close. Meanwhile, Saudi Indian Company Insurance (SE:8110) added 3.57% or 0.42 points to end at 12.20 and Jabal Omar Development Company (SE:4250) was up 3.51% or 1.30 points to 38.30 in late trade.
The worst performers of the session were Al Alamiya Cooperative Insurance (SE:8280), which fell 4.59% or 1.55 points to trade at 32.20 at the close. Saudi Chemical Company (SE:2230) declined 3.80% or 1.25 points to end at 31.65 and Al Baha Investment and Development Company SJSC (SE:4130) was down 2.74% or 0.46 points to 16.34.
Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 89 to 72 and 20 ended unchanged.
Shares in Saudi Steel Pipe Company (SE:1320) rose to 52-week highs; rising 7.66% or 1.60 to 22.50.
Crude oil for October delivery was up 0.26% or 0.18 to $69.95 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 0.71% or 0.55 to hit $78.19 a barrel, while the December Gold Futures contract rose 0.16% or 1.90 to trade at $1206.30 a troy ounce.
EUR/SAR was up 0.10% to 4.3551, while USD/SAR rose 0.01% to 3.7496.
The US Dollar Index Futures was up 0.04% at 95.09.
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Written By: Investing.com
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