Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.50%

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Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.50%
Credit: © Reuters. – Saudi Arabia equities were lower at the close on Wednesday, as losses in the Multi Investment , Industrial Investment and Telecoms & IT sectors propelled shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 0.50%.

The biggest gainers of the session on the Tadawul All Share were Ash-Sharqiyah Development Company (SE: 6060 ), which rose 4.08% or 1.60 points to trade at 40.80 at the close. Fawaz Abdulaziz AlHokair Company (SE: 4240 ) added 2.43% or 0.90 points to end at 38.00 and Arabia Insurance Cooperative Co (SE: 8160 ) was up 1.52% or 0.20 points to 13.40 in late trade.

Biggest losers included Emaar The Economic City (SE: 4220 ), which lost 7.26% or 1.10 points to trade at 14.05 in late trade. Middle East Paper Co (SE: 1202 ) declined 5.33% or 0.90 points to end at 16.00 and Mouwasat Medical Services Company (SE: 4002 ) shed 4.70% or 7.00 points to 142.00.

Declining stocks outnumbered rising ones by 136 to 22 and 20 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for July delivery was down 0.21% or 0.11 to $51.36 a barrel. Meanwhile, Brent oil for delivery in July unchanged 0.00% or 0.00 to hit $54.15 a barrel, while the June Gold Futures contract fell 0.24% or 2.97 to trade at $1252.53 a troy ounce.

EUR/SAR was up 0.13% to 4.1987, while USD/SAR rose 0.01% to 3.7505.

The US Dollar Index Futures was down 0.06% at 97.22.

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