Saudi Arabia stocks higher at close of trade; Tadawul All Share up 2.74%

Saudi Arabia stocks higher at close of trade; Tadawul All Share up 2.74%

Apr 02, 2020

Saudi Arabia stocks were higher after the close on Thursday, as gains in the Cement, Petrochemicals and Financial Services sectors led shares higher.

At the close in Saudi Arabia, the Tadawul All Share added 2.74%.

The best performers of the session on the Tadawul All Share were Rabigh Refining&Petrochemical Co (SE:2380), which rose 9.91% or 1.10 points to trade at 12.20 at the close. Meanwhile, The Saudi British Bank (SE:1060) added 9.82% or 2.02 points to end at 22.60 and Saudi Industrial Investment Group (SE:2250) was up 8.96% or 1.48 points to 18.00 in late trade.

The worst performers of the session were Mouwasat Medical Services Company (SE:4002), which fell 2.74% or 2.20 points to trade at 78.10 at the close. Zahrat Al Waha for Trading Co (SE:3007) declined 2.41% or 1.15 points to end at 46.65 and National Metal Manufacturing Co. (SE:2220) was down 2.19% or 0.28 points to 12.52.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 158 to 32 and 10 ended unchanged.

Crude oil for May delivery was up 12.46% or 2.53 to $22.84 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 11.12% or 2.75 to hit $27.49 a barrel, while the June Gold Futures contract rose 2.48% or 39.40 to trade at $1630.80 a troy ounce.

EUR/SAR was down 0.89% to 4.0872, while USD/SAR rose 0.02% to 3.7625.

The US Dollar Index Futures was up 0.39% at 100.142.

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