Saudi Arabia shares lower at close of trade; Tadawul All Share down 1.60%

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Saudi Arabia shares lower at close of trade; Tadawul All Share down 1.60%
Credit: © Reuters.

Investing.com – Saudi Arabia equities were lower at the close on Tuesday, as losses in the Hotels & Tourism , Building & Construction and Real Estate Development sectors propelled shares lower.

At the close in Saudi Arabia, the Tadawul All Share fell 1.60%.

The biggest gainers of the session on the Tadawul All Share were Salama Cooperative Insurance Co (SE: 8050 ), which rose 6.85% or 2.11 points to trade at 32.90 at the close. Rabigh Refining & Petrochemical Co (SE: 2380 ) added 3.09% or 0.68 points to end at 22.70 and Halwani Bros (SE: 6001 ) was up 2.35% or 1.21 points to 52.80 in late trade.

Biggest losers included The Mediterranean&Gulf Insurance Co (SE: 8030 ), which lost 5.99% or 1.21 points to trade at 19.00 in late trade. Al-Ahsa Development Co. (SE: 2140 ) declined 5.41% or 0.64 points to end at 11.20 and Saudi Advanced Industries Co. (SE: 2120 ) shed 4.68% or 0.65 points to 13.24.

Declining stocks outnumbered rising ones by 171 to 13 and 1 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for March delivery was down 1.22% or 0.78 to $63.37 a barrel. Meanwhile, Brent oil for delivery in April fell 1.04% or 0.70 to hit $66.92 a barrel, while the April Gold Futures contract rose 0.06% or 0.80 to trade at $1337.30 a troy ounce.

EUR/SAR was down 0.32% to 4.6238, while USD/SAR rose 0.00% to 3.7504.

The US Dollar Index Futures was up 0.32% at 89.86.

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