Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.07%

Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.07%

Jul 25, 2018

Saudi Arabia stocks were lower after the close on Wednesday, as losses in the Telecoms&IT, Industrial Investment and Transport sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share lost 0.07%.

The best performers of the session on the Tadawul All Share were Saudi Research and Marketing Group (SE:4210), which rose 3.11% or 3.20 points to trade at 106.00 at the close. Meanwhile, The National Shipping Co. (SE:4030) added 2.44% or 0.70 points to end at 29.40 and The Saudi British Bank (SE:1060) was up 2.41% or 0.80 points to 34.05 in late trade.

The worst performers of the session were Saudi Cable Company (SE:2110), which fell 9.99% or 0.80 points to trade at 7.21 at the close. Saudi Company for Hardware (SE:4008) declined 9.97% or 9.60 points to end at 86.70 and Saudi Industrial Export Co (SE:4140) was down 9.95% or 25.60 points to 231.60.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 110 to 64 and 12 ended unchanged.

Shares in Saudi Cable Company (SE:2110) fell to 5-year lows; down 9.99% or 0.80 to 7.21. Shares in Saudi Company for Hardware (SE:4008) fell to 52-week lows; down 9.97% or 9.60 to 86.70. Shares in The Saudi British Bank (SE:1060) rose to 3-years highs; gaining 2.41% or 0.80 to 34.05.

Crude oil for September delivery was up 0.38% or 0.26 to $68.78 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 0.54% or 0.40 to hit $73.84 a barrel, while the August Gold Futures contract rose 0.71% or 8.70 to trade at $1234.20 a troy ounce.

EUR/SAR was up 0.19% to 4.3918, while USD/SAR rose 0.02% to 3.7511.

The US Dollar Index Futures was down 0.25% at 94.15.

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