Saudi Stocks Rose by 0.48%

Shares in Saudi Arabia closed higher Monday, with indicators pointing higher, with gains in the financial services, petrochemicals and real estate development sectors.

At the end of trading in Riyadh, the Saudi index rose by 0.48%, reaching a record high in a month.

Among the leading stocks on the Saudi index, the shares of United Cooperative Insurance Company (SE: 8190) rose 9.09%, 1.02 points to close at 12.24. In contrast, Wataniya Medical Care (SE: 4005) continued its rise by 5.69%,  2.60 points and closed at 48.30, while Gulf General Insurance (SE: 8260) increased 5.26% , 0.70 points at 14.00 at the end of the session.

As for the weak performance at the end of the day, the share of food products company (SE: 2100) fell by 2.35%,0.36 points and trading at levels of 14.94 at the close. South American Cement (SE: 3050) was down 2.03%,  0.70 points at 33.75, while United International Transport (SE: 4260) closed down 2.01%,  0.55 points at 26.75.

Lowest shares The number of shares closed higher on the Saudi Stock Exchange with 85 versus 84, while 13 remained unchanged.

WTI crude futures for November delivery fell 0.22%,  0.16 and closed at $ 73.09 per barrel. On the other hand, Brent crude for December delivery rose 0.02%,  0.02% to reach $ 82.75 per barrel. December’s gold contract was down 0.43% , 5.10 points, closing at $ 1191.10 per ounce.

UR / SAR lost 0.06% and traded at 4.3494, while the USD / SAR continues to rise around 0.02% and reached 3.7508.

The Dollar Index traded up 0.02% at 94.82.