Investing.com – Saudi Arabia equities were higher at the close on Wednesday, as gains in the Petrochemicals, Multi Investment and Insurance sectors propelled shares higher.
At the close in Saudi Arabia, the Tadawul All Share added 1.50% to hit a new 6-month high.
The biggest gainers of the session on the Tadawul All Share were Saudi Transport & Investment Co (SE:4110), which rose 6.78% or 3.35 points to trade at 52.75 at the close. Fawaz Abdulaziz AlHokair Company (SE:4240) added 6.67% or 2.20 points to end at 35.20 and Ash-Sharqiyah Development Company (SE:6060) was up 6.59% or 2.90 points to 46.90 in late trade.
Biggest losers included Gulf Union Cooperative Insurance (SE:8120), which lost 1.49% or 0.15 points to trade at 9.90 in late trade. Saudi vitrified clay pipes co. (SE:2360) declined 1.02% or 0.75 points to end at 73.00 and Saudi Research and Marketing Group (SE:4210) shed 0.60% or 0.20 points to 33.20.
Advancing stocks outnumbered falling ones by 145 to 8 and 16 ended unchanged on the Saudi Arabia Stock Exchange.
In commodities trading, Crude oil for January delivery was up 7.23% or 3.27 to $48.50 a barrel. Meanwhile, Brent oil for delivery in February rose 7.31% or 3.46 to hit $50.78 a barrel, while the February Gold contract fell 0.47% or 5.65 to trade at $1185.15 a troy ounce.
EUR/SAR was down 0.20% to 3.9868, while USD/SAR fell 0.01% to 3.7504.
The US Dollar Index was up 0.22% at 101.20.