Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.53%

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At the close in Saudi Arabia, the Tadawul All Share gained 1.53% to hit a new 1-month high.

The best performers of the session on the Tadawul All Share were Saudi Tadawul Group Holding Co (SE:1111), which rose 9.88% or 12.80 points to trade at 142.40 at the close. Meanwhile, Saudi Research and Marketing Group (SE:4210) added 6.68% or 14.60 points to end at 233.00 and International Company for Water and Power Projects (ACWA Power) (SE:2082) was up 6.50% or 5.50 points to 90.10 in late trade.

The worst performers of the session were United Electronics Company (SE:4003), which fell 2.21% or 3.20 points to trade at 141.60 at the close. Al Sagr Co-operative Insurance Co (SE:8180) declined 2.17% or 0.38 points to end at 17.16 and Amana Cooperative Insurance Co (SE:8310) was down 1.45% or 0.50 points to 33.90.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 122 to 87 and 14 ended unchanged.

Shares in Saudi Tadawul Group Holding Co (SE:1111) rose to all time highs; up 9.88% or 12.80 to 142.40. Shares in Saudi Research and Marketing Group (SE:4210) rose to all time highs; gaining 6.68% or 14.60 to 233.00. Shares in International Company for Water and Power Projects (ACWA Power) (SE:2082) rose to all time highs; gaining 6.50% or 5.50 to 90.10.

Crude oil for February delivery was up 2.22% or 1.74 to $79.97 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 1.94% or 1.57 to hit $82.44 a barrel, while the February Gold Futures contract rose 0.17% or 3.00 to trade at $1801.80 a troy ounce.

EUR/SAR was up 0.01% to 4.2509, while USD/SAR fell 0.05% to 3.7520.

The US Dollar Index Futures was up 0.01% at 95.995.