Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.21% By Investing.com

Investing.com – Saudi Arabia stocks were higher after the close on Tuesday, as gains in the , and sectors led shares higher.

At the close in Saudi Arabia, the gained 1.21% to hit a new 5-year high.

The best performers of the session on the were Almunajem Foods Company SJSC (SE:), which rose 9.97% or 6.70 points to trade at 73.90 at the close. Meanwhile, BANK ALBILAD (SE:) added 9.09% or 4.65 points to end at 55.80 and The Saudi Investment Bank (SE:) was up 8.79% or 1.84 points to 22.78 in late trade.

The worst performers of the session were Saudi Cable Company (SE:), which fell 5.50% or 0.94 points to trade at 16.14 at the close. SABB Takaful (SE:) declined 5.44% or 1.16 points to end at 20.18 and East Pipes Integrated Company for Industry (SE:) was down 4.11% or 3.60 points to 84.00.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 148 to 83 and 6 ended unchanged.

Shares in Almunajem Foods Company SJSC (SE:) rose to all time highs; gaining 9.97% or 6.70 to 73.90. Shares in Saudi Cable Company (SE:) fell to 52-week lows; losing 5.50% or 0.94 to 16.14. Shares in BANK ALBILAD (SE:) rose to 5-year highs; gaining 9.09% or 4.65 to 55.80. Shares in The Saudi Investment Bank (SE:) rose to 5-year highs; rising 8.79% or 1.84 to 22.78.

Crude oil for May delivery was up 5.47% or 5.16 to $99.45 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 5.49% or 5.41 to hit $103.89 a barrel, while the June Gold Futures contract rose 0.84% or 16.30 to trade at $1,964.50 a troy ounce.

EUR/SAR was unchanged 0.01% to 4.08, while USD/SAR unchanged 0.00% to 3.75.

The US Dollar Index Futures was down 0.03% at 99.89.