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Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.30%

Published 04/14/2024, 08:45 AM
© Reuters.  Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.30%

Investing.com – Saudi Arabia stocks were lower after the close on Sunday, as losses in the Financial Services, Cement and Retail sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 0.30%.

The best performers of the session on the Tadawul All Share were Etihad Atheeb Telecommunication (TADAWUL:7040), which rose 9.98% or 10.00 points to trade at 110.20 at the close. Meanwhile, International Company for Water and Power Projects (ACWA Power) (TADAWUL:2082) added 6.65% or 24.20 points to end at 388.00 and Saudi Steel Pipe Company (TADAWUL:1320) was up 6.15% or 4.40 points to 75.90 in late trade.

The worst performers of the session were Sahara International Petrochemical Company SJSC (TADAWUL:2310), which fell 4.72% or 1.70 points to trade at 34.35 at the close. Arab National Bank (TADAWUL:1080) declined 4.08% or 1.25 points to end at 29.35 and Saudi National Bank (TADAWUL:1180) was down 3.28% or 1.35 points to 39.85.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 161 to 134 and 14 ended unchanged.

Shares in Etihad Atheeb Telecommunication (TADAWUL:7040) rose to 5-year highs; up 9.98% or 10.00 to 110.20. Shares in International Company for Water and Power Projects (ACWA Power) (TADAWUL:2082) rose to all time highs; gaining 6.65% or 24.20 to 388.00.

Crude oil for May delivery was up 0.51% or 0.43 to $85.45 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 0.46% or 0.41 to hit $90.15 a barrel, while the June Gold Futures contract fell 0.53% or 12.50 to trade at $2,360.20 a troy ounce.

EUR/SAR was down 0.83% to 3.99, while USD/SAR unchanged 0.01% to 3.75.

The US Dollar Index Futures was up 0.72% at 105.82.

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