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Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.16%

Published 01/31/2023, 09:15 AM
Updated 01/31/2023, 09:15 AM
© Reuters.  Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.16%

© Reuters. Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.16%

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

At the close in Saudi Arabia, the Tadawul All Share lost 0.16%.

The best performers of the session on the Tadawul All Share were Allied Cooperative Insurance Group SJSC (TADAWUL:8150), which rose 8.77% or 1.00 points to trade at 12.40 at the close. Meanwhile, Gulf General Cooperative Insurance (TADAWUL:8260) added 6.41% or 0.49 points to end at 8.13 and Wataniya Insurance Company (TADAWUL:8300) was up 5.60% or 0.88 points to 16.60 in late trade.

The worst performers of the session were Middle East Paper Co (TADAWUL:1202), which fell 4.73% or 1.50 points to trade at 30.20 at the close. Al Hokair Group (TADAWUL:1820) declined 3.95% or 0.96 points to end at 23.36 and Fawaz Abdulaziz AlHokair Company (TADAWUL:4240) was down 3.28% or 0.62 points to 18.26.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 126 to 122 and 13 ended unchanged.

Crude oil for March delivery was down 0.60% or 0.47 to $77.43 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April fell 0.66% or 0.56 to hit $83.94 a barrel, while the February Gold Futures contract fell 0.15% or 2.90 to trade at $1,920.00 a troy ounce.

EUR/SAR was unchanged 0.10% to 4.07, while USD/SAR unchanged 0.02% to 3.75.

The US Dollar Index Futures was down 0.05% at 102.04.

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