Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.83%

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At the close in Saudi Arabia, the Tadawul All Share rose 1.83% to hit a new 1-month high.

The best performers of the session on the Tadawul All Share were Halwani Bros (SE:6001), which rose 10.00% or 3.80 points to trade at 41.80 at the close. Meanwhile, Gulf Union Cooperative Insurance (SE:8120) added 9.98% or 1.08 points to end at 11.90 and AL-BABTAIN POWER &TELECOM CO (SE:2320) was up 8.98% or 1.88 points to 22.82 in late trade.

The worst performers of the session were The National Shipping Co. (SE:4030), which fell 3.49% or 1.30 points to trade at 36.00 at the close. Malath Cooperative Insurance Co (SE:8020) declined 1.96% or 0.20 points to end at 10.00 and Fawaz Abdulaziz AlHokair Company (SE:4240) was down 1.92% or 0.42 points to 21.48.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 158 to 33 and 8 ended unchanged.

Shares in Halwani Bros (SE:6001) rose to 52-week highs; up 10.00% or 3.80 to 41.80.

Crude oil for June delivery was up 17.40% or 2.62 to $17.68 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 10.57% or 2.56 to hit $26.79 a barrel, while the June Gold Futures contract fell 0.08% or 1.35 to trade at $1712.05 a troy ounce.

EUR/SAR was down 0.11% to 4.0818, while USD/SAR fell 0.02% to 3.7575.

The US Dollar Index Futures was down 0.06% at 99.588.