Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.96% By Investing.com

Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.96%

Stock Markets May 11, 2022 10:15AM ET

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Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.96%

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

At the close in Saudi Arabia, the Tadawul All Share declined 0.96% to hit a new 1-month low.

The best performers of the session on the Tadawul All Share were Saudi Industrial Export Co (TADAWUL:4140), which rose 4.79% or 19.00 points to trade at 416.00 at the close. Meanwhile, Al Gassim Investment Holding Company SJSC (TADAWUL:6020) added 4.58% or 0.98 points to end at 22.38 and Savola Group (TADAWUL:2050) was up 2.36% or 0.85 points to 36.80 in late trade.

The worst performers of the session were AXA Cooperative Insurance Company SJSC (TADAWUL:8250), which fell 7.95% or 2.85 points to trade at 33.00 at the close. Mouwasat Medical Services Company (TADAWUL:4002) declined 6.55% or 15.60 points to end at 222.40 and United Cooperative Assurance Co (TADAWUL:8190) was down 6.51% or 1.95 points to 28.00.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 137 to 88 and 10 ended unchanged.

Crude oil for June delivery was up 5.28% or 5.27 to $105.03 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 4.45% or 4.56 to hit $107.02 a barrel, while the June Gold Futures contract rose 0.39% or 7.11 to trade at $1,848.11 a troy ounce.

EUR/SAR was up 0.28% to 3.96, while USD/SAR unchanged 0.01% to 3.75.

The US Dollar Index Futures was down 0.32% at 103.61.

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