Investing.com – Saudi Arabia stocks were lower after the close on Monday, as losses in the Insurance, Real Estate Development and Petrochemicals sectors led shares lower.
At the close in Saudi Arabia, the Tadawul All Share lost 5.88% to hit a new 52-week low.
The best performers of the session on the Tadawul All Share were Kingdom Holding Company (SE:4280), which rose 4.74% or 0.86 points to trade at 19.00 at the close. Meanwhile, Halwani Bros (SE:6001) added 4.28% or 2.75 points to end at 67.00 and Saudi Transport & Investment Co (SE:4110) was up 2.71% or 1.45 points to 55.00 in late trade.
The worst performers of the session were United Electronics Company (SE:4003), which fell 10.00% or 5.40 points to trade at 48.60 at the close. The Company for Coop. Insurance (SE:8010) declined 9.99% or 8.38 points to end at 75.50 and Allianz Saudi Fransi Cooperative Insurance Company (SE:8040) was down 9.97% or 3.50 points to 31.60.
Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 157 to 9.
Shares in United Electronics Company (SE:4003) fell to all time lows; falling 10.00% or 5.40 to 48.60.
Crude oil for October delivery was down 4.13% or 1.67 to $38.78 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 4.12% or 1.88 to hit $43.59 a barrel, while the December Gold contract rose 0.60% or 6.90 to trade at $1166.50 a troy ounce.
EUR/SAR was up 2.60% to 4.3834, while USD/SAR fell 0.04% to 3.7500.
The US Dollar Index was down 2.11% at 92.84.