Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.24%

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Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.24%
Credit: © Reuters. – Saudi Arabia equities were lower at the close on Thursday, as losses in the Petrochemicals , Agriculture & Food and Energy & Utilities sectors propelled shares lower.

At the close in Saudi Arabia, the Tadawul All Share lost 0.24%.

The biggest gainers of the session on the Tadawul All Share were Saudi Steel Pipe Company (SE: 1320 ), which rose 4.55% or 1.13 points to trade at 25.95 at the close. Kingdom Holding Company (SE: 4280 ) added 3.61% or 0.30 points to end at 8.60 and Food Products Co. (SE: 2100 ) was up 3.59% or 0.56 points to 16.16 in late trade.

Biggest losers included Allied Cooperative Insurance Group (SE: 8150 ), which lost 3.78% or 0.90 points to trade at 22.90 in late trade. Rabigh Refining & Petrochemical Co (SE: 2380 ) declined 3.52% or 0.70 points to end at 19.20 and Al-Jouf Agriculture Development Co (SE: 6070 ) shed 2.72% or 0.66 points to 23.64.

Declining stocks outnumbered rising ones by 124 to 55 and 12 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for March delivery was down 1.50% or 0.81 to $53.20 a barrel. Meanwhile, Brent oil for delivery in April fell 0.93% or 0.58 to hit $62.11 a barrel, while the April Gold Futures contract fell 0.03% or 0.35 to trade at $1314.05 a troy ounce.

EUR/SAR was down 0.13% to 4.2547, while USD/SAR rose 0.00% to 3.7504.

The US Dollar Index Futures was up 0.14% at 96.285.

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