Saudi Arabia shares lower at close of trade; Tadawul All Share down 1.71%

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Saudi Arabia shares lower at close of trade; Tadawul All Share down 1.71%
Credit: © Reuters.

Investing.com – Saudi Arabia equities were lower at the close on Wednesday, as losses in the Hotels & Tourism , Retail and Building & Construction sectors propelled shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 1.71% to hit a new 3-month low.

The biggest gainers of the session on the Tadawul All Share were Saudi Steel Pipe Company (SE: 1320 ), which rose 5.42% or 1.00 points to trade at 19.45 at the close. Saudi Public Transport Co. (SE: 4040 ) added 1.12% or 0.15 points to end at 13.55 and Jabal Omar Development Company (SE: 4250 ) was up 0.82% or 0.50 points to 61.50 in late trade.

Biggest losers included United Wire Factories Company (SE: 1301 ), which lost 6.45% or 1.80 points to trade at 26.10 in late trade. Alkhaleej Training & Education Co (SE: 4290 ) declined 6.12% or 1.35 points to end at 20.70 and Saudi Transport & Investment Co (SE: 4110 ) shed 5.79% or 3.50 points to 57.00.

Declining stocks outnumbered rising ones by 161 to 4 and 4 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for September delivery was down 0.45% or 0.21 to $46.37 a barrel. Meanwhile, Brent oil for delivery in October rose 0.08% or 0.04 to hit $49.27 a barrel, while the December Gold contract fell 0.60% or 8.15 to trade at $1348.75 a troy ounce.

EUR/SAR was down 0.01% to 4.2290, while USD/SAR fell 0.01% to 3.7500.

The US Dollar Index was up 0.11% at 94.85.

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