Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.12%

Investing.com – Saudi Arabia stocks were lower after the close on Wednesday, as losses in the Insurance, Real Estate Development and Building&Construction sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 0.12%.

The best performers of the session on the Tadawul All Share were MBC Group CJSC (TADAWUL:4072), which rose 9.87% or 5.40 points to trade at 60.10 at the close. Meanwhile, Riyadh Cables Group Company CJSC (TADAWUL:4142) added 6.65% or 6.80 points to end at 109.00 and Bawan (TADAWUL:1302) was up 5.34% or 2.45 points to 48.30 in late trade.

The worst performers of the session were Rabigh Refining&Petrochemical Co (TADAWUL:2380), which fell 4.30% or 0.43 points to trade at 9.57 at the close. Wataniya Insurance Company (TADAWUL:8300) declined 4.10% or 0.86 points to end at 20.12 and Arabia Insurance Cooperative Co (TADAWUL:8160) was down 3.80% or 0.60 points to 15.20.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 193 to 86 and 19 ended unchanged.

Shares in MBC Group CJSC (TADAWUL:4072) rose to all time highs; rising 9.87% or 5.40 to 60.10. Shares in Riyadh Cables Group Company CJSC (TADAWUL:4142) rose to all time highs; up 6.65% or 6.80 to 109.00.

Crude oil for March delivery was down 1.88% or 1.36 to $71.16 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 1.57% or 1.23 to hit $77.06 a barrel, while the February Gold Futures contract rose 0.06% or 1.15 to trade at $2,031.35 a troy ounce.

EUR/SAR was unchanged 0.06% to 4.08, while USD/SAR unchanged 0.00% to 3.75.

The US Dollar Index Futures was up 0.05% at 103.17.