Title: Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.46%

Dec 13, 2021 09:15AM ET

By: AnalysisWatch

Saudi Arabian shares rose after the close on Monday as gains in construction, telecoms, IT, hotels, and tourism drove stocks higher.

At the nearby in Saudi Arabia, the Tadawul All Share was up 0.46%.

Shares of Al Sagr Co-operative Insurance Co. were the best performers on the Tadawul All Share, rising 10.00%, or 1.58 points, to close at 17.38. Meanwhile, Lazurde for Jewelry Co. gained 9.98%, or 2.00 points, to close at 22.04, while Sadr Logistics Co. rose 8.88%, or 10.80 points, to 132.40 in late trade.

The worst performer was Batic Investments and Logistics Co., which fell 3.17%, or 0.90 points, to close at 27.50. Baazeem Trading Co closed at 120.20, down 2.59% or 3.20 points.

On the Saudi Arabian bourse, gains outweighed losses by 146 to 63, with 10 stocks closing unchanged.

Sadr Logistics Co. shares hit a three-year high, rising 8.88%, or $10.80, to $132.40.

Crude oil for delivery in January fell 0.74%, or $0.53, to $71.14 a barrel. Elsewhere in commodity trading, Brent oil for delivery in February fell 0.57%, or 0.43, to $74.72 a barrel, while the February gold futures contract rose 0.03%, or 0.60, to settle at $1785.40 a troy ounce.

Similarly, EUR/SAR fell 0.15% to 4.2368, while USD/SAR fell 0.01% to 3.7513.

96.200. US dollar index futures were 0.13% higher at 96.200.