Stock Market News

Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.64%

2023.07.04 10:25


© Reuters. Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.64%

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

At the close in Saudi Arabia, the gained 0.64% to hit a new 6-months high.

The best performers of the session on the were Jamjoom Pharmaceuticals Factory Company SJSC (TADAWUL:), which rose 9.98% or 10.80 points to trade at 119.00 at the close. Meanwhile, First Milling Company SJSC (TADAWUL:) added 9.95% or 7.70 points to end at 85.10 and Saudi Airlines Catering Company (TADAWUL:) was up 9.84% or 10.00 points to 111.60 in late trade.

The worst performers of the session were Al Saif Stores for Development & Investment Company SJSC (TADAWUL:), which fell 3.10% or 0.29 points to trade at 9.05 at the close. Bindawood Holding Co (TADAWUL:) declined 3.04% or 0.22 points to end at 7.01 and Arabian Shield Coop Insurance Co (TADAWUL:) was down 2.94% or 0.62 points to 20.50.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 147 to 117 and 22 ended unchanged.

Shares in Jamjoom Pharmaceuticals Factory Company SJSC (TADAWUL:) rose to all time highs; rising 9.98% or 10.80 to 119.00. Shares in First Milling Company SJSC (TADAWUL:) rose to all time highs; up 9.95% or 7.70 to 85.10. Shares in Saudi Airlines Catering Company (TADAWUL:) rose to 5-year highs; rising 9.84% or 10.00 to 111.60.

Crude oil for August delivery was up 1.92% or 1.34 to $71.13 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 1.81% or 1.35 to hit $76.00 a barrel, while the August Gold Futures contract rose 0.37% or 7.15 to trade at $1,936.65 a troy ounce.

EUR/SAR was unchanged 0.11% to 4.09, while USD/SAR unchanged 0.00% to 3.75.

The US Dollar Index Futures was down 0.07% at 102.58.

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