Saudi Arabia stocks lower at close of trade; Tadawul All Share down 1.30%

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

At the close in Saudi Arabia, the Tadawul All Share fell 1.30%.

The best performers of the session on the Tadawul All Share were Al Saif Stores for Development&Investment Company SJSC (TADAWUL:4192), which rose 3.19% or 2.80 points to trade at 90.70 at the close. Meanwhile, Retal Urban Development Company SJSC (TADAWUL:4322) added 2.95% or 0.36 points to end at 12.58 and Naqi Water Co (TADAWUL:2282) was up 2.55% or 2.20 points to 88.60 in late trade.

The worst performers of the session were Alinma Bank (TADAWUL:1150), which fell 5.65% or 1.85 points to trade at 30.90 at the close. Amlak Intl for Real Estate Finance (TADAWUL:1182) declined 5.53% or 0.96 points to end at 16.40 and Dar Alarkan Real Estate Development (TADAWUL:4300) was down 5.43% or 0.86 points to 14.98.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 210 to 46 and 14 ended unchanged.

Shares in Naqi Water Co (TADAWUL:2282) rose to all time highs; up 2.55% or 2.20 to 88.60.

Crude oil for June delivery was down 3.82% or 2.74 to $68.92 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 3.66% or 2.76 to hit $72.56 a barrel, while the June Gold Futures contract rose 0.07% or 1.35 to trade at $2,024.65 a troy ounce.

EUR/SAR was up 0.45% to 4.14, while USD/SAR unchanged 0.00% to 3.75.

The US Dollar Index Futures was down 0.50% at 101.21.