Stock Market News

Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.19%

2022.05.18 17:16

Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.19%
Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.19%

Investing.com – Saudi Arabia stocks were higher after the close on Wednesday, as gains in the Media & Publishing, Financial Services and Industrial Investment sectors led shares higher.

At the close in Saudi Arabia, the Tadawul All Share rose 0.19%.

The best performers of the session on the Tadawul All Share were Red Sea Housing Services Company (TADAWUL:4230), which rose 10.00% or 1.56 points to trade at 17.16 at the close. Meanwhile, Saudi Industrial Export Co (TADAWUL:4140) added 9.94% or 8.00 points to end at 88.50 and The Saudi British Bank (TADAWUL:1060) was up 5.88% or 2.35 points to 42.35 in late trade.

The worst performers of the session were Saudi Electricity Company (TADAWUL:5110), which fell 7.76% or 2.08 points to trade at 24.72 at the close. Arabia Insurance Cooperative Co (TADAWUL:8160) declined 6.25% or 1.90 points to end at 28.50 and Amana Cooperative Insurance Co (TADAWUL:8310) was down 4.76% or 1.45 points to 29.00.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 115 to 102 and 13 ended unchanged.

Shares in Saudi Industrial Export Co (TADAWUL:4140) rose to 5-year highs; rising 9.94% or 8.00 to 88.50.

Crude oil for July delivery was up 0.28% or 0.31 to $109.94 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 0.07% or 0.08 to hit $112.01 a barrel, while the June Gold Futures contract fell 0.44% or 7.95 to trade at $1,810.95 a troy ounce.

EUR/SAR was down 0.34% to 3.94, while USD/SAR unchanged 0.01% to 3.75.

The US Dollar Index Futures was up 0.21% at 103.62.

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