Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.10%

Investing.com – Saudi Arabia stocks were lower after the close on Thursday, as losses in the Industrial Investment, Petrochemicals and Telecoms&IT sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share fell 0.10%.

The best performers of the session on the Tadawul All Share were Arabian Pipes Company (TADAWUL:2200), which rose 5.75% or 7.20 points to trade at 132.40 at the close. Meanwhile, Al Mawarid Manpower Company SCJSC (TADAWUL:1833) added 3.72% or 4.80 points to end at 133.80 and Gulf Insurance Group (TADAWUL:8250) was up 3.65% or 1.20 points to 34.05 in late trade.

The worst performers of the session were MBC Group CJSC (TADAWUL:4072), which fell 9.88% or 6.40 points to trade at 58.40 at the close. Al Baha Investment and Development Company SJSC (TADAWUL:4130) declined 6.67% or 0.01 points to end at 0.14 and Riyad Bank (TADAWUL:1010) was down 3.76% or 1.15 points to 29.45.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 156 to 120 and 22 ended unchanged.

Shares in Gulf Insurance Group (TADAWUL:8250) rose to 52-week highs; gaining 3.65% or 1.20 to 34.05.

Crude oil for March delivery was up 1.03% or 0.77 to $75.86 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 0.91% or 0.73 to hit $80.77 a barrel, while the February Gold Futures contract fell 0.03% or 0.65 to trade at $2,015.35 a troy ounce.

EUR/SAR was unchanged 0.09% to 4.09, while USD/SAR unchanged 0.01% to 3.75.

The US Dollar Index Futures was down 0.01% at 103.03.