Saudi Arabian Stocks Close Higher; Tadawul All Share Increases by 0.05%

Saudi Arabia witnesses a rise in stocks following Sunday’s close, with the Industrial Investment, Transport, and Real Estate Development sectors leading the surge.

At the close of trading in Saudi Arabia, the Tadawul All Share index increased by 0.05%. Among the top performers of the session on the Tadawul All Share were Etihad Atheeb Telecommunication (TADAWUL:7040), which saw a 10.00% rise, gaining 6.90 points to reach 75.90 by the close.

Similarly, Saudi Logistics Services Co CJSC (TADAWUL:4263) added 9.97%, or 24.80 points, closing at 273.60, while Arabian Pipes Company (TADAWUL:2200) saw a late trade increase of 9.96%, or 14.60 points, to reach 161.20.

The Session’s Worst Performers
The session’s worst performers included Dallah Healthcare Holding Company (TADAWUL:4004), which dropped 3.40% or 6.20 points to close at 176.00.
Also, National Medical Care Company (TADAWUL:4005) saw a decline of 3.29%, or 6.60 points, ending at 193.80, while Middle East Healthcare Co. CJSC (TADAWUL:4009) fell by 3.00%, or 3.80 points, reaching 123.00.On the Saudi Arabia Stock Exchange, rising stocks outnumbered declining ones with 150 to 120, while 24 remained unchanged.

Commodities and Others
In commodities trading, crude oil for March delivery increased by 0.50% or 0.38 to $76.60 a barrel. Meanwhile, Brent oil for delivery in April rose by 0.42% or 0.34 to reach $81.97 a barrel. The April Gold Futures contract fell by 0.45% or 9.20 to trade at $2,038.70 a troy ounce.

EUR/SAR remained unchanged at 4.04, while USD/SAR also remained stable at 3.75. The US Dollar Index Futures saw a decrease of 0.08%, closing at 103.96.

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