Title: Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.25%

11/2/2021 10:15:42 AM GMT

By: AnalysisWatch

Saudi Arabia stocks were higher after the nearby on Tuesday, as gains in the Building and Construction, Telecoms and IT and Financial Services areas drove shares higher.

In Saudi Arabia, the Tadawul All Share added 0.25%.

Herfy Food Services Co (SE:6002) was the best entertainer of the meeting on the Tadawul All Share, rising 5.03% or 3.40 points to trade at 71.00 at the close. In the meantime, Al Sorayai Trading and Industrial Group (SE:1213) gained 3.70% or 4.00 points to close at 112.00, while International Company for Water and Power Projects (SE:2082) gained 3.36% or 2.50 points to close at 76.80.

Saudi Enaya Cooperative Insurance (SE:8311) was the meeting's worst performer, falling 4.20% or 1.50 points to trade at 34.20 at the close. Makkah Construction and Development Co (SE:4100) fell 4.05% or 3.00 points to close at 71.00, while Bupa Arabia for Cooperation Insurance (SE:8210) fell 3.33% or 5 points to 145.00.

Falling stocks dwarfed propelling ones on the Saudi Arabia Stock Exchange by 138 to 66 and 11 finished unaltered.

Herfy Food Services Co (SE:6002) shares rose 5.03% or $3.40 to 71.00, a 5-year high. Shares in International Company for Water and Power Projects (SE:2082) rose to record-breaking highs, up 3.36% or 2.50 to 76.80.

Unrefined petroleum for December conveyance was down 0.55% or 0.46 to $83.59 a barrel. Somewhere else in product exchange, Brent oil for conveyance in January fell 0.54% or 0.46 to hit $84.25 a barrel, while the December Gold Futures contract fell 0.35% or 6.35 to exchange at $1789.45 an ounce.

EUR/SAR was down 0.17% to 4.3449, while USD/SAR rose 0.01% to 3.7514.