Saudi Arabia shares lower at close of trade; Tadawul All Share down 1.68%

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Saudi Arabia shares lower at close of trade; Tadawul All Share down 1.68%
Credit: © Reuters.

Investing.com – Saudi Arabia equities were lower at the close on Wednesday, as losses in the Telecoms & IT , Financial Services and Agriculture & Food sectors propelled shares lower.

At the close in Saudi Arabia, the Tadawul All Share lost 1.68%.

The biggest gainers of the session on the Tadawul All Share were Takween Advanced Industries (SE: 1201 ), which rose 6.65% or 0.62 points to trade at 9.95 at the close. Basic Chemical Industries Co (SE: 1210 ) added 3.22% or 0.76 points to end at 24.34 and Astra Industrial Group (SE: 1212 ) was up 2.26% or 0.43 points to 19.42 in late trade.

Biggest losers included Saudi Enaya Cooperative Insurance (SE: 8311 ), which lost 9.93% or 1.22 points to trade at 11.06 in late trade. Mobile Telecommunications Company (SE: 7030 ) declined 5.94% or 0.43 points to end at 6.81 and Malath Cooperative Insurance Co (SE: 8020 ) shed 5.93% or 0.82 points to 13.00.

Declining stocks outnumbered rising ones by 145 to 34 and 6 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for June delivery was up 2.49% or 1.72 to $70.78 a barrel. Meanwhile, Brent oil for delivery in July rose 2.50% or 1.87 to hit $76.72 a barrel, while the June Gold Futures contract rose 0.05% or 0.70 to trade at $1314.40 a troy ounce.

EUR/SAR was up 0.10% to 4.4540, while USD/SAR fell 0.02% to 3.7496.

The US Dollar Index Futures was down 0.15% at 92.80.

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