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Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.05%

Published 06/02/2020, 10:15 AM
Updated 06/02/2020, 10:15 AM
© Reuters.  Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.05%

Investing.com – Saudi Arabia stocks were lower after the close on Tuesday, as losses in the Petrochemicals, Telecoms & IT and Transport sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share fell 0.05%.

The best performers of the session on the Tadawul All Share were The Mediterranean&Gulf Insurance Co (SE:8030), which rose 5.65% or 1.28 points to trade at 23.94 at the close. Meanwhile, Al Hassan Ghazi Ibrahim Shaker (SE:1214) added 5.45% or 0.49 points to end at 9.48 and Raydan Co (SE:6012) was up 4.98% or 0.82 points to 17.28 in late trade.

The worst performers of the session were Gulf Union Cooperative Insurance (SE:8120), which fell 6.91% or 1.06 points to trade at 14.28 at the close. Mulkia Gulf Real Estate REIT (SE:4336) declined 3.80% or 0.32 points to end at 8.09 and Anaam International Holding Group (SE:4061) was down 3.80% or 5.80 points to 146.80.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 98 to 85 and 16 ended unchanged.

Shares in The Mediterranean&Gulf Insurance Co (SE:8030) rose to 52-week highs; gaining 5.65% or 1.28 to 23.94.

Crude oil for July delivery was up 1.75% or 0.62 to $36.06 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August rose 2.01% or 0.77 to hit $39.09 a barrel, while the August Gold Futures contract rose 0.28% or 4.85 to trade at $1755.15 a troy ounce.

EUR/SAR was up 0.45% to 4.1964, while USD/SAR rose 0.04% to 3.7535.

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The US Dollar Index Futures was down 0.28% at 97.543.

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