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

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Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.35%
Credit: © Reuters. – Saudi Arabia equities were lower at the close on Wednesday, as losses in the Petrochemicals , Agriculture & Food and Telecoms & IT sectors propelled shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 0.35% to hit a new 3-month low.

The biggest gainers of the session on the Tadawul All Share were Alinma Tokio Marine Co (SE: 8312 ), which rose 6.84% or 1.24 points to trade at 19.38 at the close. Saudi Industrial Services Co. (SE: 2190 ) added 6.79% or 0.84 points to end at 13.22 and United Electronics Company (SE: 4003 ) was up 5.16% or 2.70 points to 55.00 in late trade.

Biggest losers included The National Shipping Co. (SE: 4030 ), which lost 3.78% or 1.15 points to trade at 29.30 in late trade. Saudi Indian Company Insurance (SE: 8110 ) declined 2.97% or 0.30 points to end at 9.80 and Jabal Omar Development Company (SE: 4250 ) shed 2.44% or 0.90 points to 36.00.

Advancing stocks outnumbered falling ones by 92 to 71 and 23 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for September delivery was down 0.94% or 0.63 to $66.41 a barrel. Meanwhile, Brent oil for delivery in October fell 0.69% or 0.50 to hit $71.96 a barrel, while the December Gold Futures contract fell 0.78% or 9.40 to trade at $1191.30 a troy ounce.

EUR/SAR was down 0.30% to 4.2416, while USD/SAR rose 0.01% to 3.7501.

The US Dollar Index Futures was up 0.25% at 96.79.

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