Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.60%

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Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.60%
Credit: © Reuters. – Saudi Arabia equities were lower at the close on Wednesday, as losses in the Multi Investment , Building & Construction and Hotels & Tourism sectors propelled shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 0.60%.

The biggest gainers of the session on the Tadawul All Share were Saudi United Cooperative Insurance (SE: 8060 ), which rose 3.54% or 0.70 points to trade at 20.50 at the close. Saudi Research and Marketing Group (SE: 4210 ) added 2.52% or 0.80 points to end at 32.50 and National Gypsum Company (SE: 2090 ) was up 2.35% or 0.30 points to 13.05 in late trade.

Biggest losers included Alujain Corporation (SE: 2170 ), which lost 9.05% or 1.80 points to trade at 18.10 in late trade. Ash-Sharqiyah Development Company (SE: 6060 ) declined 7.64% or 3.50 points to end at 42.30 and Anb Insurance (SE: 8011 ) shed 7.51% or 1.90 points to 23.40.

Declining stocks outnumbered rising ones by 132 to 25 and 12 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for January delivery was down 1.91% or 1.01 to $51.97 a barrel. Meanwhile, Brent oil for delivery in February fell 1.62% or 0.90 to hit $54.82 a barrel, while the February Gold contract rose 0.30% or 3.50 to trade at $1162.50 a troy ounce.

EUR/SAR was up 0.15% to 3.9920, while USD/SAR fell 0.02% to 3.7507.

The US Dollar Index was down 0.16% at 100.92.

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