Saudi Arabia shares lower at close of trade; Tadawul All Share down 3.07%

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Saudi Arabia shares lower at close of trade; Tadawul All Share down 3.07%
Credit: © Reuters. – Saudi Arabia equities were lower at the close on Monday, as losses in the Media & Publishing , Hotels & Tourism and Insurance sectors propelled shares lower.

At the close in Saudi Arabia, the Tadawul All Share fell 3.07% to hit a new 1-month low.

The biggest gainers of the session on the Tadawul All Share were Basic Chemical Industries Co (SE: 1210 ), which rose 0.74% or 0.20 points to trade at 27.10 at the close. Saudi Cement Company (SE: 3030 ) fell 0.40% or 0.25 points to end at 62.50 and Samba Financial Group (SE: 1090 ) was down 0.46% or 0.10 points to 21.60 in late trade.

Biggest losers included Saudi United Cooperative Insurance (SE: 8060 ), which lost 10.48% or 1.30 points to trade at 11.10 in late trade. Saudi Arabian Cooperative Insurance (SE: 8100 ) declined 10.21% or 1.70 points to end at 14.95 and Al-Ahlia Insurance Company (SE: 8140 ) shed 10.12% or 0.85 points to 7.55.

Declining stocks outnumbered rising ones by 167 to 1 on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for July delivery was down 1.61% or 0.78 to $47.63 a barrel. Meanwhile, Brent oil for delivery in July fell 1.66% or 0.81 to hit $47.91 a barrel, while the June Gold contract fell 0.50% or 6.25 to trade at $1246.65 a troy ounce.

EUR/SAR was down 0.13% to 4.1985, while USD/SAR fell 0.03% to 3.7502.

The US Dollar Index was up 0.16% at 95.44.

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