Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.75%

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Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.75%
Credit: © Reuters. – Saudi Arabia equities were lower at the close on Wednesday, as losses in the Agriculture & Food , Hotels & Tourism and Retail sectors propelled shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 0.75% to hit a new 6-month low.

The biggest gainers of the session on the Tadawul All Share were The Mediterranean&Gulf Insurance Co (SE: 8030 ), which rose 5.26% or 0.80 points to trade at 16.00 at the close. Saudi Steel Pipe Company (SE: 1320 ) added 2.88% or 0.60 points to end at 21.40 and Methanol Chemicals Company (SE: 2001 ) was up 2.05% or 0.22 points to 10.96 in late trade.

Biggest losers included United Int Transportation Company (SE: 4260 ), which lost 6.41% or 1.80 points to trade at 26.30 in late trade. Gulf Union Cooperative Insurance (SE: 8120 ) declined 6.21% or 0.88 points to end at 13.30 and Saudi Cable Company (SE: 2110 ) shed 4.34% or 1.06 points to 23.36.

Declining stocks outnumbered rising ones by 141 to 32 and 9 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for October delivery was up 1.53% or 1.06 to $70.31 a barrel. Meanwhile, Brent oil for delivery in November rose 0.67% or 0.53 to hit $79.59 a barrel, while the December Gold Futures contract fell 0.07% or 0.80 to trade at $1201.40 a troy ounce.

EUR/SAR was down 0.05% to 4.3501, while USD/SAR rose 0.01% to 3.7504.

The US Dollar Index Futures was up 0.01% at 95.06.

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