Market Update: Saudi Arabia Stocks

Investing.com – Saudi Arabia stocks were higher after the close on Wednesday, driven by gains in the Agriculture & Food, Media & Publishing, and Petrochemicals sectors.

At the close in Saudi Arabia, the Tadawul All Share rose 0.10%.

Best Performers

• Savola Group (TADAWUL:2050): up 9.98% or 3.05 points to trade at 33.60.
• United International Holding (TADAWUL:4083): up 9.01% or 14.20 points to end at 171.80.
• Batic Investments and Logistics Co (TADAWUL:4110): up 6.05% or 0.21 points to 3.68 in late trade.

Worst Performers

• Red Sea Housing Services Company (TADAWUL:4230): down 7.05% or 4.30 points to trade at 56.70.
• Jahez International Company for Information Systems Technology SCJSC (TADAWUL:6017): down 5.07% or 1.55 points to end at 29.00.
• Zamil Industrial Investment Co (TADAWUL:2240): down 3.95% or 1.35 points to 32.80.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 162 to 146, with 32 ending unchanged.

Shares in United International Holding (TADAWUL:4083) reached all-time highs; up 9.01% or 14.20 to 171.80.

Commodity Prices

• Crude oil for January delivery was up 0.33% or 0.23 to $70.31 a barrel.
• Brent oil for February rose 0.75% or 0.55 to $73.74 a barrel.
• February Gold Futures fell 0.05% or 1.41 to trade at $2,660.59 a troy ounce.

Currency Rates

• EUR/SAR was unchanged at 3.94.
• USD/SAR was unchanged at 3.76.

The US Dollar Index Futures rose 0.01% at 106.67.