Saudi Arabia shares lower at close of trade; Tadawul All Share down 1.02%

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Saudi Arabia shares lower at close of trade; Tadawul All Share down 1.02%
Credit: © Reuters. – Saudi Arabia equities were lower at the close on Tuesday, as losses in the Hotels & Tourism , Multi Investment and Building & Construction sectors propelled shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 1.02% to hit a new 3-month low.

The biggest gainers of the session on the Tadawul All Share were Saudi United Cooperative Insurance (SE: 8060 ), which rose 1.74% or 0.49 points to trade at 28.60 at the close. Middle East Paper Co (SE: 1202 ) added 1.45% or 0.28 points to end at 19.60 and National Agriculture Development Co (SE: 6010 ) was up 1.14% or 0.35 points to 31.10 in late trade.

Biggest losers included Bank AlJazira (SE: 1020 ), which lost 9.99% or 1.36 points to trade at 12.26 in late trade. Nama Chemicals Co. (SE: 2210 ) declined 8.22% or 1.69 points to end at 18.86 and Rabigh Refining & Petrochemical Co (SE: 2380 ) shed 7.16% or 0.98 points to 12.70.

Declining stocks outnumbered rising ones by 156 to 19 and 3 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for November delivery was up 1.80% or 0.89 to $50.47 a barrel. Meanwhile, Brent oil for delivery in December rose 1.34% or 0.75 to hit $56.54 a barrel, while the December Gold Futures contract rose 0.54% or 6.92 to trade at $1291.92 a troy ounce.

EUR/SAR was up 0.38% to 4.4204, while USD/SAR fell 0.02% to 3.7496.

The US Dollar Index Futures was down 0.37% at 93.20.

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