Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.41%

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Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.41%
Credit: © Reuters. – Saudi Arabia equities were lower at the close on Wednesday, as losses in the Hotels & Tourism , Real Estate Development and Media & Publishing sectors propelled shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 0.41%.

The biggest gainers of the session on the Tadawul All Share were Arabian Pipes Company (SE: 2200 ), which rose 9.43% or 1.40 points to trade at 16.25 at the close. Saudi Steel Pipe Company (SE: 1320 ) added 4.48% or 0.80 points to end at 18.65 and Malath Cooperative Insurance Co (SE: 8020 ) was up 3.10% or 0.35 points to 11.65 in late trade.

Biggest losers included Dar Alarkan Real Estate Development (SE: 4300 ), which lost 3.17% or 0.20 points to trade at 6.10 in late trade. United Wire Factories Company (SE: 1301 ) declined 2.70% or 0.80 points to end at 28.80 and Middle East Specialized Cables Co (SE: 2370 ) shed 2.53% or 0.20 points to 7.70.

Declining stocks outnumbered rising ones by 106 to 39 and 24 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for September delivery was up 0.42% or 0.18 to $42.95 a barrel. Meanwhile, Brent oil for delivery in October rose 0.64% or 0.29 to hit $45.27 a barrel, while the December Gold contract rose 1.11% or 14.95 to trade at $1361.65 a troy ounce.

EUR/SAR was up 0.58% to 4.1941, while USD/SAR fell 0.01% to 3.7502.

The US Dollar Index was down 0.67% at 95.42.

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