Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.35%

Investing.com – Saudi Arabia stocks were lower after the close on Wednesday, as losses in the Telecoms&IT, Energy&Utilities and Retail sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share lost 0.35%.

The best performers of the session on the Tadawul All Share were Allied Cooperative Insurance Group SJSC (TADAWUL:8150), which rose 7.24% or 1.12 points to trade at 16.60 at the close. Meanwhile, Malath Cooperative Insurance Co (TADAWUL:8020) added 3.92% or 0.70 points to end at 18.54 and Al-Rajhi Cooperative Insurance (TADAWUL:8230) was up 3.48% or 4.20 points to 125.00 in late trade.

The worst performers of the session were Anaam International Holding Group (TADAWUL:4061), which fell 5.98% or 1.65 points to trade at 25.95 at the close. Fawaz Abdulaziz AlHokair Company (TADAWUL:4240) declined 5.15% or 0.88 points to end at 16.20 and Thimar Development Holding Co (TADAWUL:4160) was down 4.92% or 1.80 points to 34.75.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 174 to 81 and 20 ended unchanged.

Shares in Al-Rajhi Cooperative Insurance (TADAWUL:8230) rose to all time highs; up 3.48% or 4.20 to 125.00.

Crude oil for July delivery was up 1.65% or 1.20 to $74.11 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 1.55% or 1.19 to hit $78.03 a barrel, while the June Gold Futures contract fell 0.13% or 2.60 to trade at $1,971.90 a troy ounce.

EUR/SAR was unchanged 0.02% to 4.04, while USD/SAR unchanged 0.01% to 3.75.

The US Dollar Index Futures was up 0.23% at 103.62.