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Saudi Arabia stocks higher at close of trade

(1/12/2018 10:12:00 PM)

Saudi Arabia stocks were higher after the close on Thursday, as gains in the Transport, Real Estate Development and Telecoms & IT sectors led shares higher.

At the close in Saudi Arabia, the Tadawul All Share gained 0.52% to hit a new 3-months high.

The best performers of the session on the Tadawul All Share were Dar Alarkan Real Estate Development (SE:4300), which rose 5.61% or 0.56 points to trade at 10.54 at the close. Meanwhile, Rabigh Refining & Petrochemical Co (SE:2380) added 4.83% or 0.90 points to end at 19.52 and AXA Cooperative Insurance Company (SE:8250) was up 3.96% or 0.86 points to 22.60 in late trade.

The worst performers of the session were City Cement Co (SE:3003), which fell 2.56% or 0.30 points to trade at 11.40 at the close. Advanced Petrochemical Company (SE:2330) declined 2.05% or 0.91 points to end at 43.40 and Saudi Arabia Fertilizers Co. (SE:2020) was down 1.94% or 1.36 points to 68.70.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 108 to 73 and 2 ended unchanged.

Shares in Rabigh Refining & Petrochemical Co (SE:2380) rose to 52-week highs; rising 4.83% or 0.90 to 19.52.

Crude oil for February delivery was up 0.55% or 0.35 to $63.92 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 0.16% or 0.11 to hit $69.31 a barrel, while the February Gold Futures contract rose 0.23% or 3.10 to trade at $1322.40 a troy ounce.

Investing.com