Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.24%

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

At the close in Saudi Arabia, the rose 1.24% to hit a new 3-months high.

The best performers of the session on the were BANK ALBILAD (TADAWUL:), which rose 9.95% or 3.75 points to trade at 41.45 at the close. Meanwhile, Saudi Company for Hardware (TADAWUL:) added 5.83% or 1.65 points to end at 29.95 and Morabaha Marina Financing Company (TADAWUL:) was up 4.81% or 0.52 points to 11.32 in late trade.

The worst performers of the session were Saudi Enaya Cooperative Insurance (TADAWUL:), which fell 4.50% or 0.68 points to trade at 14.42 at the close. Bupa Arabia for Coop. Insurance (TADAWUL:) declined 2.88% or 6.20 points to end at 209.20 and Alamar Foods CJSC (TADAWUL:) was down 2.83% or 2.90 points to 99.50.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 140 to 129 and 27 ended unchanged.

Shares in Alamar Foods CJSC (TADAWUL:) fell to all time lows; losing 2.83% or 2.90 to 99.50.

Crude oil for January delivery was up 2.14% or 1.49 to $70.96 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 2.13% or 1.58 to hit $75.84 a barrel, while the February Gold Futures contract rose 2.74% or 54.65 to trade at $2,051.95 a troy ounce.

EUR/SAR was up 0.49% to 4.10, while USD/SAR unchanged 0.01% to 3.75.

The US Dollar Index Futures was down 0.50% at 101.96.