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Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.38%

Published 07/26/2017, 09:15 AM
Updated 07/26/2017, 09:15 AM
© Reuters.  Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.38%

© Reuters. Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.38%

Investing.com – Saudi Arabia stocks were lower after the close on Wednesday, as losses in the Hotels & Tourism, Financial Services and Multi Investment sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share fell 0.38%.

The best performers of the session on the Tadawul All Share were Saudi Research and Marketing Group (SE:4210), which rose 9.98% or 5.80 points to trade at 63.90 at the close. Meanwhile, United Electronics Company (SE:4003) added 5.58% or 2.30 points to end at 43.50 and Saudi Int Petrochemical Co (SE:2310) was up 4.11% or 0.58 points to 14.70 in late trade.

The worst performers of the session were National Industrialization Co (SE:2060), which fell 4.87% or 0.74 points to trade at 14.46 at the close. National Agriculture Development Co (SE:6010) declined 3.50% or 1.00 points to end at 27.60 and Allied Cooperative Insurance Group (SE:8150) was down 3.07% or 0.46 points to 14.52.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 120 to 42 and 16 ended unchanged.

Shares in Saudi Research and Marketing Group (SE:4210) rose to 5-year highs; rising 9.98% or 5.80 to 63.90. Shares in United Electronics Company (SE:4003) rose to 52-week highs; up 5.58% or 2.30 to 43.50.

Crude oil for September delivery was up 1.00% or 0.48 to $48.37 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 0.64% or 0.32 to hit $50.52 a barrel, while the August Gold Futures contract fell 0.40% or 4.96 to trade at $1247.14 a troy ounce.

EUR/SAR was down 0.04% to 4.3651, while USD/SAR rose 0.02% to 3.7506.

The US Dollar Index Futures was up 0.05% at 93.97.

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