Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.44%

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Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.44%
Credit: © Reuters.

Investing.com – Saudi Arabia equities were lower at the close on Thursday, as losses in the Industrial Investment , Hotels & Tourism and Petrochemicals sectors propelled shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 0.44%.

The biggest gainers of the session on the Tadawul All Share were Mobile Telecommunications Company (SE: 7030 ), which rose 6.34% or 0.42 points to trade at 7.04 at the close. Solidarity Saudi Takaful Co (SE: 8290 ) added 5.30% or 0.80 points to end at 15.90 and Eastern Province Cement Co. (SE: 3080 ) was up 4.82% or 0.94 points to 20.44 in late trade.

Biggest losers included Saudi Cable Company (SE: 2110 ), which lost 2.87% or 1.10 points to trade at 37.20 in late trade. Saudi Industrial Export Co (SE: 4140 ) declined 2.73% or 2.70 points to end at 96.20 and Yanbu National Petrochemical Co (SE: 2290 ) shed 2.45% or 1.70 points to 67.70.

Declining stocks outnumbered rising ones by 121 to 50 and 15 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for January delivery was down 3.04% or 1.61 to $51.28 a barrel. Meanwhile, Brent oil for delivery in February fell 2.62% or 1.61 to hit $59.95 a barrel, while the February Gold Futures contract fell 0.08% or 1.05 to trade at $1241.55 a troy ounce.

EUR/SAR was up 0.10% to 4.2595, while USD/SAR rose 0.03% to 3.7518.

The US Dollar Index Futures was down 0.08% at 96.933.

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