Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.20%

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At the close in Saudi Arabia, the Tadawul All Share rose 1.20% to hit a new 3-months high.

The best performers of the session on the Tadawul All Share were Saudi Paper Manufacturing Co. (SE:2300), which rose 9.92% or 4.20 points to trade at 46.55 at the close. Meanwhile, National Petrochemical Company (SE:2002) added 9.86% or 2.41 points to end at 26.85 and Qassim Agriculture Co. (SE:6020) was up 6.78% or 0.96 points to 15.12 in late trade.

The worst performers of the session were Arabian Cement Co (SE:3010), which fell 4.09% or 1.25 points to trade at 29.30 at the close. Saudi Cement Company (SE:3030) declined 2.25% or 1.30 points to end at 56.50 and Raydan Co (SE:6012) was down 2.02% or 0.44 points to 21.34.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 146 to 46 and 8 ended unchanged.

Shares in Saudi Paper Manufacturing Co. (SE:2300) rose to 52-week highs; rising 9.92% or 4.20 to 46.55. Shares in National Petrochemical Company (SE:2002) rose to 52-week highs; up 9.86% or 2.41 to 26.85. Shares in Qassim Agriculture Co. (SE:6020) rose to 3-years highs; up 6.78% or 0.96 to 15.12.

Crude oil for September delivery was up 1.05% or 0.44 to $42.38 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 0.62% or 0.28 to hit $45.27 a barrel, while the December Gold Futures contract fell 3.53% or 71.60 to trade at $1958.70 a troy ounce.

EUR/SAR was up 0.30% to 4.4140, while USD/SAR rose 0.01% to 3.7502.

The US Dollar Index Futures was down 0.13% at 93.448.

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