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Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.17% By Investing.com

May 5, 2024
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© Reuters Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.17%


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

At the close in Saudi Arabia, the added 0.17%.

The best performers of the session on the were Zahrat Al Waha for Trading Co (TADAWUL:), which rose 9.97% or 4.30 points to trade at 47.45 at the close. Meanwhile, Raydan Co (TADAWUL:) added 8.09% or 2.50 points to end at 33.40 and Saudi Cable Company (TADAWUL:) was up 6.49% or 4.80 points to 78.80 in late trade.

The worst performers of the session were Gulf Insurance Group (TADAWUL:), which fell 9.94% or 3.85 points to trade at 34.90 at the close. Al Baha Investment and Development Company SJSC (TADAWUL:) declined 7.14% or 0.01 points to end at 0.13 and Salama Cooperative Insurance Co (TADAWUL:) was down 5.63% or 2.00 points to 33.50.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 161 to 119 and 18 ended unchanged.

Shares in Zahrat Al Waha for Trading Co (TADAWUL:) rose to 52-week highs; gaining 9.97% or 4.30 to 47.45. Shares in Raydan Co (TADAWUL:) rose to 52-week highs; up 8.09% or 2.50 to 33.40. Shares in Al Baha Investment and Development Company SJSC (TADAWUL:) fell to 52-week lows; falling 7.14% or 0.01 to 0.13.

Crude oil for June delivery was down 1.22% or 0.96 to $77.99 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 1.04% or 0.87 to hit $82.80 a barrel, while the June Gold Futures contract rose 0.02% or 0.50 to trade at $2,310.10 a troy ounce.

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EUR/SAR was up 0.37% to 4.04, while USD/SAR unchanged 0.00% to 3.75.

The US Dollar Index Futures was down 0.21% at 104.96.



Editorial Team

Editorial Team

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