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Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.48%

Stock Markets56 minutes ago (Jul 04, 2021 10:15AM ET)

(C) Reuters. Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.48% – Saudi Arabia stocks were higher after the close on Sunday, as gains in the Financial Services, Retail and Cement sectors led shares higher.

At the close in Saudi Arabia, the Tadawul All Share rose 0.48% to hit a new 5-year high.

The best performers of the session on the Tadawul All Share were Arabian Pipes Company (SE:2200), which rose 9.99% or 2.00 points to trade at 22.02 at the close. Meanwhile, United Cooperative Assurance Co (SE:8190) added 7.90% or 2.15 points to end at 29.35 and CHUBB Arabia Cooperative Insurance (SE:8240) was up 6.37% or 3.30 points to 55.10 in late trade.

The worst performers of the session were Arabian Centres Co (SE:4321), which fell 3.63% or 0.95 points to trade at 25.25 at the close. Saudi Industrial Export Co (SE:4140) declined 3.51% or 4.20 points to end at 115.60 and Saudi Research and Marketing Group (SE:4210) was down 2.67% or 4.60 points to 167.40.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 104 to 88 and 13 ended unchanged.

Shares in United Cooperative Assurance Co (SE:8190) rose to 5-year highs; gaining 7.90% or 2.15 to 29.35. Shares in CHUBB Arabia Cooperative Insurance (SE:8240) rose to 5-year highs; rising 6.37% or 3.30 to 55.10.

Crude oil for August delivery was down 0.25% or 0.19 to $75.04 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 0.29% or 0.22 to hit $76.06 a barrel, while the August Gold Futures contract rose 0.61% or 10.75 to trade at $1787.55 a troy ounce.

EUR/SAR was up 0.14% to 4.4498, while USD/SAR rose 0.00% to 3.7505.

The US Dollar Index Futures was down 0.37% at 92.248.

Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.48%

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