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Saudi Arabia stocks lower at close of trade; Tadawul All Share down 6.86%

Published 08/23/2015, 09:15 AM
Updated 08/23/2015, 09:15 AM
© Reuters.  Saudi Arabia stocks lower at close of trade; Tadawul All Share down 6.86%

© Reuters. Saudi Arabia stocks lower at close of trade; Tadawul All Share down 6.86%

Investing.com – Saudi Arabia stocks were lower after the close on Sunday, as losses in the Real Estate Development, Insurance and Industrial Investment sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share fell 6.86% to hit a new 6-months low.

The best performers of the session on the Tadawul All Share were Alinma Tokio Marine Co (SE:8312), which rose 2.36% or 0.47 points to trade at 20.35 at the close. Meanwhile, The Saudi British Bank (SE:1060) fell 0.63% or 0.20 points to end at 31.70 and Banque Saudi Fransi (SE:1050) was down 1.27% or 0.41 points to 31.90 in late trade.

The worst performers of the session were Anb Insurance (SE:8011), which fell 10.00% or 5.20 points to trade at 46.80 at the close. Saudi Industrial Development Co. (SE:2130) declined 9.98% or 1.27 points to end at 11.45 and Tourism Enterprise Co. (SE:4170) was down 9.97% or 3.62 points to 32.70.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 165 to 1.

Shares in The Saudi British Bank (SE:1060) fell to 52-week lows; down 0.63% or 0.20 to 31.70. Shares in Saudi Industrial Development Co. (SE:2130) fell to 3-years lows; falling 9.98% or 1.27 to 11.45. Shares in Tourism Enterprise Co. (SE:4170) fell to 3-years lows; down 9.97% or 3.62 to 32.70.

Crude oil for October delivery was down 2.63% or 1.08 to $40.23 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 2.81% or 1.31 to hit $45.31 a barrel, while the December Gold contract rose 0.63% or 7.30 to trade at $1160.50 a troy ounce.

EUR/SAR was up 1.30% to 4.2723, while USD/SAR fell 0.02% to 3.7516.

The US Dollar Index was down 0.97% at 94.84.

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