Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.77%

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Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.77%
Credit: © Reuters. – Saudi Arabia equities were lower at the close on Wednesday, as losses in the Media & Publishing , Financial Services and Real Estate Development sectors propelled shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 0.77% to hit a new 1-month low.

The biggest gainers of the session on the Tadawul All Share were Red Sea Housing Services Company (SE: 4230 ), which rose 7.59% or 1.10 points to trade at 15.60 at the close. The Company for Coop. Insurance (SE: 8010 ) added 4.69% or 3.00 points to end at 67.00 and Saudi Transport & Investment Co (SE: 4110 ) was up 4.37% or 1.45 points to 34.65 in late trade.

Biggest losers included Middle East Paper Co (SE: 1202 ), which lost 6.61% or 1.20 points to trade at 16.96 in late trade. Saudi Arabia Refineries Co. (SE: 2030 ) declined 5.12% or 2.10 points to end at 38.90 and Riyad Bank (SE: 1010 ) shed 3.93% or 1.10 points to 26.90.

Declining stocks outnumbered rising ones by 113 to 52 and 25 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for June delivery was up 0.28% or 0.17 to $61.57 a barrel. Meanwhile, Brent oil for delivery in July rose 0.17% or 0.12 to hit $70.00 a barrel, while the June Gold Futures contract rose 0.03% or 0.35 to trade at $1285.95 a troy ounce.

EUR/SAR was up 0.10% to 4.2007, while USD/SAR rose 0.01% to 3.7503.

The US Dollar Index Futures was down 0.07% at 97.333.

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