Saudi Arabia shares lower at close of trade; Tadawul All Share down 3.88%

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Saudi Arabia shares lower at close of trade; Tadawul All Share down 3.88%
Credit: © Reuters.

Investing.com – Saudi Arabia equities were lower at the close on Thursday, as losses in the Financial Services , Petrochemicals and Cement sectors propelled shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 3.88%.

The biggest gainers of the session on the Tadawul All Share were Saudi Industrial Export Co (SE: 4140 ), which rose 9.98% or 5.20 points to trade at 57.30 at the close. Al Baha Investment and Development Company SJSC (SE: 4130 ) added 9.90% or 1.54 points to end at 17.10 and Saudi Paper Manufacturing Co. (SE: 2300 ) was up 5.05% or 0.60 points to 12.48 in late trade.

Biggest losers included Al Alamiya Cooperative Insurance (SE: 8280 ), which lost 8.61% or 3.10 points to trade at 32.90 in late trade. Saudi Arabian Mining Company (SE: 1211 ) declined 7.25% or 3.70 points to end at 47.30 and Arab National Bank (SE: 1080 ) shed 6.69% or 2.15 points to 30.00.

Declining stocks outnumbered rising ones by 173 to 11 and 1 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for November delivery was down 1.30% or 0.95 to $72.22 a barrel. Meanwhile, Brent oil for delivery in December fell 1.44% or 1.20 to hit $81.89 a barrel, while the December Gold Futures contract rose 1.64% or 19.60 to trade at $1213.00 a troy ounce.

EUR/SAR was up 0.46% to 4.3401, while USD/SAR rose 0.02% to 3.7515.

The US Dollar Index Futures was down 0.36% at 94.88.

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