Tadawul closes higher on opening day after Eid

Tadawul closes higher on opening day after Eid

July 11, 2016
Dollar, oil surge as ’17 trading starts in earnest
Dollar, oil surge as ’17 trading starts in earnest


RIYADH — Saudi Arabia stocks were higher after the close on Sunday, as gains in the Real Estate Development, Hotels & Tourism and Industrial Investment sectors led shares higher.

At the close, stock benchmark Tadawul All Share Index added 0.86%.

The best performers of the session were The Mediterranean&Gulf Insurance Co, which rose 10.24% or 2.15 points to trade at 23.15 at the close.

Meanwhile, Malath Cooperative Insurance Co added 9.40% or 1.40 points to end at 16.30 and Dar Alarkan Real Estate Development was up 9.30% or 0.60 points to 7.05 in late trade.

The worst performers of the session were Arab National Bank, which fell 2.33% or 0.45 points to trade at 18.90 at the close. The Saudi British Bank declined 2.21% or 0.45 points to end at 19.95 and Saudi Vitrified Clay Pipes Co. was down 1.63% or 1.50 points to 90.50.

Rising stocks outnumbered declining ones on Tadawul by 128 to 23 and 17 ended unchanged.

Crude oil for August delivery was up 0.04% or 0.02 to $45.16 a barrel.
Elsewhere in commodities trading, Brent oil for delivery in September rose 0.34% or 0.16 to hit $46.56 a barrel, while the August Gold contract rose 0.40% or 5.45 to trade at $1367.55 a troy ounce. — SG/Reuters


July 11, 2016
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