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Saudi Arabia shares higher at close of trade; Tadawul All Share up 2.33%

Published 10/11/2016, 13:15
© Reuters.  Saudi Arabia shares higher at close of trade; Tadawul All Share up 2.33%
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Investing.com – Saudi Arabia equities were higher at the close on Thursday, as gains in the Media & Publishing, Transport and Agriculture & Food sectors propelled shares higher.

At the close in Saudi Arabia, the Tadawul All Share rose 2.33% to hit a new 3-month high.

The biggest gainers of the session on the Tadawul All Share were Saudi Research and Marketing Group (SE:4210), which rose 9.81% or 2.05 points to trade at 22.95 at the close. Saudi Printing & Packaging Company (SE:4270) added 9.73% or 1.25 points to end at 14.10 and United Int Transportation Company (SE:4260) was up 9.69% or 2.50 points to 28.30 in late trade.

Biggest losers included Basic Chemical Industries Co (SE:1210), which lost 10.00% or 3.10 points to trade at 27.90 in late trade. Gulf Union Cooperative Insurance (SE:8120) declined 2.40% or 0.25 points to end at 10.15 and Malath Cooperative Insurance Co (SE:8020) shed 1.81% or 0.15 points to 8.15.

Advancing stocks outnumbered falling ones by 151 to 8 and 10 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for December delivery was down 0.95% or 0.43 to $44.84 a barrel. Meanwhile, Brent oil for delivery in January fell 0.43% or 0.20 to hit $46.16 a barrel, while the December Gold contract rose 0.39% or 5.00 to trade at $1278.50 a troy ounce.

EUR/SAR was down 0.16% to 4.0858, while USD/SAR fell 0.01% to 3.7501.

The US Dollar Index was up 0.28% at 98.94.

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