Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.23%

Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.23%

Mar 12, 2019

Saudi Arabia stocks were higher after the close on Tuesday, as gains in the Telecoms&IT, Media&Publishing and Energy&Utilities sectors led shares higher.

At the close in Saudi Arabia, the Tadawul All Share added 0.23%.

The best performers of the session on the Tadawul All Share were The Mediterranean&Gulf Insurance Co (SE:8030), which rose 6.25% or 0.96 points to trade at 16.32 at the close. Meanwhile, AL-BABTAIN POWER &TELECOM CO (SE:2320) added 5.69% or 1.26 points to end at 23.40 and Al Yamamah Steel Industries Co (SE:1304) was up 5.32% or 1.00 points to 19.80 in late trade.

The worst performers of the session were Al Hokair Group (SE:1820), which fell 8.11% or 1.50 points to trade at 17.00 at the close. Electrical Industries Co (SE:1303) declined 4.17% or 0.84 points to end at 19.30 and Allied Cooperative Insurance Group (SE:8150) was down 3.65% or 0.80 points to 21.10.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 93 to 81 and 16 ended unchanged.

Crude oil for April delivery was up 0.86% or 0.49 to $57.28 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May rose 0.81% or 0.54 to hit $67.12 a barrel, while the April Gold Futures contract rose 0.55% or 7.05 to trade at $1298.15 a troy ounce.

EUR/SAR was up 0.25% to 4.2285, while USD/SAR rose 0.00% to 3.7503.

The US Dollar Index Futures was down 0.15% at 97.028.

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