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Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.48%

Published 05/09/2019, 10:15 AM
© Reuters.  Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.48%

Investing.com – Saudi Arabia stocks were lower after the close on Thursday, as losses in the Telecoms & IT, Retail and Real Estate Development sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 0.48% to hit a new 1-month low.

The best performers of the session on the Tadawul All Share were Saudi Research and Marketing Group (SE:4210), which rose 5.23% or 4.30 points to trade at 86.50 at the close. Meanwhile, The Mediterranean&Gulf Insurance Co (SE:8030) added 4.21% or 0.70 points to end at 17.32 and Savola Group (SE:2050) was up 3.81% or 1.20 points to 32.70 in late trade.

The worst performers of the session were Middle East Healthcare Co CJSC (SE:4009), which fell 9.58% or 2.95 points to trade at 27.85 at the close. Allied Cooperative Insurance Group SJSC (SE:8150) declined 7.22% or 1.40 points to end at 18.00 and Saudi Industrial Export Co (SE:4140) was down 5.42% or 3.90 points to 68.00.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 122 to 50 and 16 ended unchanged.

Shares in Middle East Healthcare Co CJSC (SE:4009) fell to all time lows; losing 9.58% or 2.95 to 27.85.

Crude oil for June delivery was down 1.50% or 0.93 to $61.19 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 1.07% or 0.75 to hit $69.62 a barrel, while the June Gold Futures contract rose 0.46% or 5.95 to trade at $1287.35 a troy ounce.

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EUR/SAR was up 0.46% to 4.2161, while USD/SAR rose 0.01% to 3.7503.

The US Dollar Index Futures was down 0.32% at 97.075.

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