Saudi Arabia shares lower at close of trade; Tadawul All Share down 1.58%

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Saudi Arabia shares lower at close of trade; Tadawul All Share down 1.58%
Credit: © Reuters. – Saudi Arabia equities were lower at the close on Thursday, as losses in the Telecoms & IT , Media & Publishing and Agriculture & Food sectors propelled shares lower.

At the close in Saudi Arabia, the Tadawul All Share lost 1.58%.

The biggest gainers of the session on the Tadawul All Share were Middle East Specialized Cables Co (SE: 2370 ), which rose 2.80% or 0.30 points to trade at 11.00 at the close. The Mediterranean&Gulf Insurance Co (SE: 8030 ) added 2.46% or 0.36 points to end at 15.00 and Allianz Saudi Fransi Cooperative Insurance Company (SE: 8040 ) was up 1.72% or 0.42 points to 24.82 in late trade.

Biggest losers included Arabian Shield Coop Insurance Co (SE: 8070 ), which lost 4.71% or 0.76 points to trade at 15.38 in late trade. Al Sagr Co-operative Insurance Co (SE: 8180 ) declined 4.24% or 0.46 points to end at 10.40 and Tihama Advertising&Public Relations (SE: 4070 ) shed 4.06% or 1.65 points to 39.00.

Declining stocks outnumbered rising ones by 170 to 17 and 3 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for July delivery was up 3.52% or 1.80 to $52.94 a barrel. Meanwhile, Brent oil for delivery in August rose 3.25% or 1.95 to hit $61.92 a barrel, while the August Gold Futures contract rose 0.30% or 3.95 to trade at $1340.75 a troy ounce.

EUR/SAR was down 0.11% to 4.2284, while USD/SAR unchanged 0.00% to 3.7504.

The US Dollar Index Futures was up 0.06% at 97.028.

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