Saudi Arabia Stocks Trade Higher

Saudi Arabia stocks were higher after the close on Thursday, as gains in the Media & Publishing, Retail and Industrial Investment sectors led shares higher.

At the close in Saudi Arabia, the Tadawul All Share gained 0.30%.

The best performers of the session on the Tadawul All Share were Sadr Logistics Co (SE:1832), which rose 9.98% or 7.11 points to trade at 78.40 at the close. Meanwhile, Development Works Food Co (SE:6013) added 9.94% or 18.40 points to end at 203.60 and Baazeem Trading Co (SE:4051) was up 9.78% or 9.00 points to 101.00 in late trade.

The worst performers of the session were Al Sorayai Trading&Industrial Group (SE:1213), which fell 5.59% or 1.60 points to trade at 27.00 at the close. Alkhaleej Training & Education Co (SE:4290) declined 2.56% or 0.50 points to end at 19.00 and Dur Hospitality (SE:4010) was down 2.36% or 0.75 points to 31.05.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 152 to 54 and 12 ended unchanged.

Shares in Sadr Logistics Co (SE:1832) rose to 52-week lows; gaining 9.98% or 7.11 to 78.40. Shares in Al Sorayai Trading&Industrial Group (SE:1213) fell to 52-week lows; falling 5.59% or 1.60 to 27.00.

Crude oil for January delivery was down 2.70% or 1.77 to $63.80 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 2.54% or 1.75 to hit $67.12 a barrel, while the February Gold Futures contract fell 0.35% or 6.20 to trade at $1778.10 a troy ounce.

EUR/SAR was up 0.14% to 4.2522, while USD/SAR fell 0.01% to 3.7512.

The US Dollar Index Futures was down 0.10% at 95.925.