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Investing.com – Saudi Arabia stocks were higher after Sunday’s close, as gains in the banking and finance sectors led shares higher.
At the close in Saudi Arabia, the general market index rose by 0.56% to reach its highest level in three months.
The session’s top performer was Saudi Telecom Co. (TADAWUL:), which rose 9.94% or 3.95 points to trade at 43.70 at the close. Meanwhile, Saudi Cooperative Reinsurance Co. (TADAWUL:) added 9.88% or 3.65 points to close at 40.60, and Saudi Automotive Services Co. (TADAWUL:) rose 6.48% or 4.80 points to trade at 78.90 at the close.
Al Baha Investment and Development Company (TADAWUL:) was the worst performer of the session, falling 7.69% or 0.01 points to trade at 0.12 at the close. Redan Company (Tadawul:) decreased by 3.59% or 1.05 points to close at 28.20 and Miyahuna Holding Company Limited Tadawul stock fell by 3.29% or 1.15 points to close at 33.85 points.
The number of advancing stocks exceeded those that declined in trading on the Saudi Stock Exchange by 181 compared to 114, while 20 stocks remained unchanged.
Saudi Telecom Company (Tadawul:) shares hit a 52-week high, up 9.94%, or 3.95 points, to 43.70. Al Baha Investment and Development Company (Tadawul:) hit a 52-week low, down 7.69%, or 0.01 points, to 0.12. Saudi Reinsurance Cooperative Company (Tadawul:) hit an all-time high, up 9.88%, or 3.65 points, to 40.60.
Crude oil futures for October delivery rose 2.67%, or $1.95, to $74.96 a barrel. In other trading, Brent crude futures for November delivery rose 2.33%, or $1.80, to $78.15 a barrel, while gold futures for December delivery rose 1.27%, or $32.00, to trade at $2,548.70 an ounce.
The EUR/SAR pair rose 0.77% to 4.20, while the USD/SAR pair remained unchanged by 0.00% to 3.75.
The US dollar index fell 0.78% to 100.61.
