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Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.17% -Breaking

by Mike Robinson

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© Reuters. Stocks of Saudi Arabia are higher after close to trade. Tadawul All shares up 1.17%

Investing.com – Saudi Arabia stocks were higher after the close on Wednesday, as gains in the , and sectors led shares higher.

Saudi Arabia’s close saw the currency rise by 1.17% for a five-year record.

Tourism Enterprise Co. (SE) was the best performer of the session, rising 9.5% or 18.80 points to close at 207.80. Al Baha Investment and Development Company SJSC(SE:), which gained 6.77% to close at 37.05, and Saudi Automotive Services Co. was up 5.39% to 42.05 (SE:).

AlAhli Fund ofREITs (SE 🙂 fell by 2.32%, or 0.30 points, to trade at 12.64 after the close. Bawan (SE 🙂 fell 1.59% or 0.60 to finish at 37.20. Yamamah Saudi Cement Co.’s (SE 🙂 dropped 1.33%, 0.35 to 26.00.

The Saudi Arabia Stock Exchange saw rising stocks surpassing declining stocks by 159 percent to 51, and the 16th ended unchanged.

Stocks of Tourism Enterprise Co. (SE) increased by 9.5% or 18.80 to 207.50. Saudi Automotive Services Co. (SE) shares rose 59% to a 5-year peak; an increase of 2.15 to 24.29%.

March crude oil delivery rose 1.22%, or 1.12, to $93.19 per barrel. Brent oil rose 1.31 or 1.40% to $94.59 per barrel in commodity trading. The April Gold Futures contract increased 0.18%, or 3.30, to $1859.50 an ounce.

EUR/SAR rose 0.03% to 4.2624; USD/SAR stagnated at 0.00% to 3.7524.

At 95.922, the US Dollar Index Futures fell 0.07%.

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