Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.43%

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Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.43%
Credit: © Reuters. – Saudi Arabia equities were lower at the close on Wednesday, as losses in the Energy & Utilities , Petrochemicals and Insurance sectors propelled shares lower.

At the close in Saudi Arabia, the Tadawul All Share fell 0.43%.

The biggest gainers of the session on the Tadawul All Share were Saudi Fisheries Co. (SE: 6050 ), which rose 10.16% or 1.25 points to trade at 13.55 at the close. United Electronics Company (SE: 4003 ) added 9.76% or 2.40 points to end at 27.00 and Ash-Sharqiyah Development Company (SE: 6060 ) was up 8.93% or 4.00 points to 48.80 in late trade.

Biggest losers included United Cooperative Assurance Co (SE: 8190 ), which lost 3.82% or 0.50 points to trade at 12.60 in late trade. Saudi United Cooperative Insurance (SE: 8060 ) declined 3.22% or 0.65 points to end at 19.55 and ACE ARABIA COOPERATIVE INSURANCE (SE: 8240 ) shed 3.00% or 1.30 points to 42.00.

Declining stocks outnumbered rising ones by 80 to 61 and 28 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for January delivery was down 0.63% or 0.32 to $50.61 a barrel. Meanwhile, Brent oil for delivery in February fell 0.63% or 0.34 to hit $53.59 a barrel, while the February Gold contract rose 0.43% or 5.05 to trade at $1175.15 a troy ounce.

EUR/SAR was up 0.14% to 4.0260, while USD/SAR fell 0.00% to 3.7506.

The US Dollar Index was down 0.01% at 100.50.

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