Saudi Arabia shares lower at close of trade; Tadawul All Share down 3.13%

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Saudi Arabia shares lower at close of trade; Tadawul All Share down 3.13%
Credit: © Reuters. – Saudi Arabia equities were lower at the close on Wednesday, as losses in the Media & Publishing , Building & Construction and Insurance sectors propelled shares lower.

At the close in Saudi Arabia, the Tadawul All Share lost 3.13% to hit a new 3-month low.

The biggest gainers of the session on the Tadawul All Share were Saudi Cable Company (SE: 2110 ), which rose 6.85% or 1.75 points to trade at 27.30 at the close. Saudi Arabia Fertilizers Co. (SE: 2020 ) added 0.83% or 0.60 points to end at 72.70 and Saudi Transport & Investment Co (SE: 4110 ) was up 0.80% or 0.30 points to 37.90 in late trade.

Biggest losers included Amana Cooperative Insurance Co (SE: 8310 ), which lost 9.75% or 1.76 points to trade at 16.30 in late trade. Saudi United Cooperative Insurance (SE: 8060 ) declined 7.45% or 1.90 points to end at 23.60 and Malath Cooperative Insurance Co (SE: 8020 ) shed 7.44% or 0.98 points to 12.20.

Declining stocks outnumbered rising ones by 178 to 6 and 1 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for October delivery was down 0.97% or 0.68 to $69.19 a barrel. Meanwhile, Brent oil for delivery in November fell 0.78% or 0.61 to hit $77.56 a barrel, while the December Gold Futures contract rose 0.25% or 3.00 to trade at $1202.10 a troy ounce.

EUR/SAR was up 0.30% to 4.3574, while USD/SAR rose 0.01% to 3.7511.

The US Dollar Index Futures was down 0.24% at 95.14.

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