Title: Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.37%

Apr 18, 2022 10:15AM ET

By: AnalysisWatch

Saudi Arabian stocks gained on Monday after the close of the stock market thanks to growth in the construction, transport, and financial services sectors.

At the close of trading in Saudi Arabia, the Tadawul All Share Index gained 0.37% to hit a new five-year high.

The best performer within the Tadawul All Share was United Wire Factories Company, which rose 7.11%, or 2.05 points, to close trading at 30.90 points. Meanwhile, National Gas & Industrialization Co. rose 4.84%, or 2.30 points, to 49.85 points and Dr. Sulaiman Al Habib Medical Group rose 4.81%, or 9.20 points, to 200.60 points at the close of trading.

Arabian Contracting Services Company (CJSC) shares fared the worst, falling 4.08%, or 5.00 points, to close at 117.60 points. Saudi Research and Marketing Group dropped 3.88%, or 10.20 points, to 253.00 points, while Arabian Cement Company fell 3.69%, or 1.60 points, to 41.80 points.

On the Saudi bourse, declining stocks outnumbered rising ones by 118 to 109, while eight ended unchanged.

Shares of Dr. Sulaiman Al Habib Medical Group rose 4.81%, or 9.20 points, to 200.60 points, reaching a new all-time high.

Oil for June delivery rose 0.80%, or 0.85%, to $107.23 a barrel. Elsewhere in the commodities market, Brent crude for June delivery rose 1.02%, or 1.14%, to $112.84 per barrel, while June gold futures contracts rose 1.09%, or 21.50%, to $1,996.40 per troy ounce.

At 4.05, EUR/SAR traded unchanged by 0.03%, while USD/SAR remained unchanged by 0.09% at 3.75.

US dollar index futures were 0.25% higher at 100.57.