Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.15%

Investing.com – Saudi Arabia stocks were higher after the close on Wednesday, as gains in the Building & Construction, Telecoms & IT and Energy & Utilities sectors led shares higher.

At the close in Saudi Arabia, the Tadawul All Share rose 0.15%.

The best performers of the session on the Tadawul All Share were Lazurde for Jewelry Co (TADAWUL:4011), which rose 10.00% or 1.28 points to trade at 14.08 at the close. Meanwhile, Saudi Industrial Export Co (TADAWUL:4140) added 9.69% or 0.22 points to end at 2.49 and Mobile Telecommunications Company (TADAWUL:7030) was up 5.65% or 0.70 points to 13.08 in late trade.

The worst performers of the session were Al Mawarid Manpower Company SCJSC (TADAWUL:1833), which fell 4.93% or 7.40 points to trade at 142.60 at the close. City Cement Co (TADAWUL:3003) declined 4.56% or 0.96 points to end at 20.10 and Umm Al-Qura (TADAWUL:3005) was down 3.96% or 0.74 points to 17.94.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 173 to 140 and 25 ended unchanged.

Shares in Mobile Telecommunications Company (TADAWUL:7030) rose to 52-week highs; rising 5.65% or 0.70 to 13.08.

Crude oil for May delivery was up 1.53% or 0.94 to $62.27 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 1.48% or 0.96 to hit $65.63 a barrel, while the June Gold Futures contract rose 2.71% or 87.84 to trade at $3,328.24 a troy ounce.

EUR/SAR was up 0.60% to 4.26, while USD/SAR unchanged 0.00% to 3.75.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.

The US Dollar Index Futures was down 0.59% at 99.37.

Should you invest $2,000 in 4140 right now?

With 4140 making headlines, savvy investors are asking: Is it truly valued fairly? In a market full of overpriced darlings, identifying true value can be challenging. InvestingPro's advanced AI algorithms have analyzed 4140 alongside thousands of other stocks to uncover hidden gems. These undervalued stocks, potentially including 4140, could offer substantial returns as the market corrects. In 2024 alone, our AI identified several undervalued stocks that later surged by 30 or more. Is 4140 poised for similar growth? Don't miss the opportunity to find out.

Reveal Undervalued Stocks Now