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Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.35%

Published 02/02/2021, 09:15 AM
© Reuters.  Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.35%

Investing.com – Saudi Arabia stocks were lower after the close on Tuesday, as losses in the Building & Construction, Real Estate Development and Media & Publishing sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share fell 0.35%.

The best performers of the session on the Tadawul All Share were Saudi Arabia Refineries Co. (SE:2030), which rose 9.91% or 11.00 points to trade at 122.00 at the close. Meanwhile, Halwani Bros (SE:6001) added 9.88% or 11.40 points to end at 126.80 and Red Sea Housing Services Company (SE:4230) was up 9.82% or 2.50 points to 27.95 in late trade.

The worst performers of the session were Jazan Development Co. (SE:6090), which fell 8.43% or 1.66 points to trade at 18.04 at the close. Malath Cooperative Insurance Co (SE:8020) declined 4.45% or 0.98 points to end at 21.06 and Leejam Sports Company SJSC (SE:1830) was down 3.75% or 2.70 points to 69.30.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 140 to 55 and 8 ended unchanged.

Shares in Saudi Arabia Refineries Co. (SE:2030) rose to 5-year highs; up 9.91% or 11.00 to 122.00. Shares in Halwani Bros (SE:6001) rose to all time highs; gaining 9.88% or 11.40 to 126.80. Shares in Red Sea Housing Services Company (SE:4230) rose to 3-years highs; gaining 9.82% or 2.50 to 27.95.

Crude oil for March delivery was up 2.73% or 1.46 to $55.01 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April rose 2.68% or 1.51 to hit $57.84 a barrel, while the April Gold Futures contract fell 1.47% or 27.40 to trade at $1836.50 a troy ounce.

EUR/SAR was down 0.13% to 4.5168, while USD/SAR rose 0.01% to 3.7509.

The US Dollar Index Futures was up 0.11% at 91.123.

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