Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.48%

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Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.48%
Credit: © Reuters. – Saudi Arabia equities were lower at the close on Thursday, as losses in the Telecoms & IT , Retail and Real Estate Development sectors propelled shares lower.

At the close in Saudi Arabia, the Tadawul All Share lost 0.48% to hit a new 1-month low.

The biggest gainers of the session on the Tadawul All Share were Saudi Research and Marketing Group (SE: 4210 ), which rose 5.23% or 4.30 points to trade at 86.50 at the close. The Mediterranean&Gulf Insurance Co (SE: 8030 ) added 4.21% or 0.70 points to end at 17.32 and Savola Group (SE: 2050 ) was up 3.81% or 1.20 points to 32.70 in late trade.

Biggest losers included Middle East Healthcare Co CJSC (SE: 4009 ), which lost 9.58% or 2.95 points to trade at 27.85 in late trade. Allied Cooperative Insurance Group SJSC (SE: 8150 ) declined 7.22% or 1.40 points to end at 18.00 and Saudi Industrial Export Co (SE: 4140 ) shed 5.42% or 3.90 points to 68.00.

Declining stocks outnumbered rising ones by 122 to 50 and 16 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for June delivery was down 1.50% or 0.93 to $61.19 a barrel. Meanwhile, Brent oil for delivery in July fell 1.07% or 0.75 to hit $69.62 a barrel, while the June Gold Futures contract rose 0.46% or 5.85 to trade at $1287.25 a troy ounce.

EUR/SAR was up 0.46% to 4.2161, while USD/SAR rose 0.01% to 3.7503.

The US Dollar Index Futures was down 0.32% at 97.075.

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