Saudi Arabia equities rally at close of trade

Saudi Arabia equities rally at close of trade

On Thursday, Saudi Arabia shares ascended after the close because profits in the Real Estate Development, Petrochemicals as well as Retail sectors underpinned stocks.

The Tadawul All Share inched up 0.73% hitting a fresh 3-month maximum.

On the Tadawul All Share the best performers were Makkah Construction&Development Co, Alujain Corporation and Dallah Healthcare Holding Company. They ascended respectively 4.92%, 4.24% and 3.50%.

As for the worst performers, they were represented by such benchmarks as Saudi RE Cooperative Reinsurance, Saudi Advanced Industries Co and Alawwal Bank. They went down respectively 2.17%, 1.16% and 1.01%.

Soaring equities outperformed dipping shares on the Saudi Arabia Stock Exchange by 124 to 45, while 13 were intact.

The currency pair EUR/SAR tacked on 0.42% to 4.5248, USD/SAR stood still, sticking to 3.7500.

The US Dollar Index Futures headed south 0.26% being worth 91.65.

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