Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.23%

Investing.com – Saudi Arabia stocks were lower after the close on Wednesday, as losses in the Media&Publishing, Transport and Hotels&Tourism sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 0.23%.

The best performers of the session on the Tadawul All Share were The Mediterranean&Gulf Insurance Co (TADAWUL:8030), which rose 10.00% or 1.12 points to trade at 12.32 at the close. Meanwhile, Saudi Advanced Industries Co. (TADAWUL:2120) added 5.98% or 1.80 points to end at 31.90 and Saudi Chemical Company (TADAWUL:2230) was up 5.84% or 0.23 points to 4.17 in late trade.

The worst performers of the session were Arabian Contracting Services Company CJSC (TADAWUL:4071), which fell 5.91% or 11.00 points to trade at 175.00 at the close. Saudi Pharmaceutical Appliances (TADAWUL:2070) declined 4.63% or 2.00 points to end at 41.15 and Saudi Ground Services Co (TADAWUL:4031) was down 4.56% or 1.75 points to 36.65.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 156 to 114 and 18 ended unchanged.

Shares in Saudi Chemical Company (TADAWUL:2230) rose to 52-week highs; up 5.84% or 0.23 to 4.17.

Crude oil for August delivery was up 2.85% or 1.99 to $71.78 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 0.47% or 0.36 to hit $76.61 a barrel, while the August Gold Futures contract rose 0.06% or 1.25 to trade at $1,930.75 a troy ounce.

EUR/SAR was up 0.14% to 4.09, while USD/SAR unchanged 0.02% to 3.75.

The US Dollar Index Futures was up 0.08% at 102.74.