Saudi Arabia stocks rose 0.62% with gains in cable and industrial sectors.

From Investing.com: 2025-01-19 07:50:03

Saudi Arabia stocks surged as gains in the cable and industrial sectors led shares higher, with the Tadawul index rising 0.62% to hit a 3-month high. Saudi Cable Company soared 9.85%, while Middle East Specialized Cables Co and Zamil Industrial Investment Co also posted strong gains. On the flip side, Saudi RE Cooperative Reinsurance and Almoosa Health Co were among the worst performers. Rising stocks outnumbered declining ones, with 198 stocks gaining, 116 falling, and 31 remaining unchanged. Crude oil prices dipped, with Brent oil remaining steady. In currency markets, EUR/SAR fell while USD/SAR remained stable. The US Dollar Index Futures was up 0.35%.



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