Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.39%

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Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.39%
Credit: © Reuters.

Investing.com – Saudi Arabia equities were lower at the close on Wednesday, as losses in the Petrochemicals , Cement and Telecoms & IT sectors propelled shares lower.

At the close in Saudi Arabia, the Tadawul All Share lost 0.39% to hit a new 1-month low.

The biggest gainers of the session on the Tadawul All Share were Saudi vitrified clay pipes co. (SE: 2360 ), which rose 6.52% or 2.95 points to trade at 48.20 at the close. Fawaz Abdulaziz AlHokair Company (SE: 4240 ) added 5.04% or 1.25 points to end at 26.05 and Bupa Arabia for Coop. Insurance (SE: 8210 ) was up 3.19% or 3.00 points to 97.00 in late trade.

Biggest losers included Rabigh Refining & Petrochemical Co (SE: 2380 ), which lost 8.17% or 2.30 points to trade at 25.85 in late trade. Arabian Pipes Company (SE: 2200 ) declined 4.40% or 0.48 points to end at 10.44 and National Gas & Industrialization Co (SE: 2080 ) shed 2.88% or 0.80 points to 27.00.

Declining stocks outnumbered rising ones by 103 to 65 and 18 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for September delivery was down 1.45% or 1.00 to $68.17 a barrel. Meanwhile, Brent oil for delivery in October fell 0.91% or 0.68 to hit $73.97 a barrel, while the December Gold Futures contract fell 0.12% or 1.50 to trade at $1216.80 a troy ounce.

EUR/SAR was down 0.13% to 4.3444, while USD/SAR fell 0.01% to 3.7500.

The US Dollar Index Futures was up 0.16% at 95.15.

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