Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.12%

Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.12%

Oct 17, 2018

Saudi Arabia stocks were lower after the close on Wednesday, as losses in the Telecoms&IT, Financial Services and Energy&Utilities sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share lost 0.12%.

The best performers of the session on the Tadawul All Share were Al Alamiya Cooperative Insurance (SE:8280), which rose 9.97% or 2.90 points to trade at 32.00 at the close. Meanwhile, Saudi Industrial Export Co (SE:4140) added 9.97% or 7.60 points to end at 83.80 and Malath Cooperative Insurance Co (SE:8020) was up 7.84% or 0.80 points to 11.00 in late trade.

The worst performers of the session were Arab National Bank (SE:1080), which fell 5.05% or 1.65 points to trade at 31.05 at the close. Samba Financial Group (SE:1090) declined 3.72% or 1.20 points to end at 31.05 and Al Baha Investment and Development Company SJSC (SE:4130) was down 3.50% or 0.56 points to 15.44.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 141 to 37 and 7 ended unchanged.

Shares in Saudi Industrial Export Co (SE:4140) rose to 52-week highs; up 9.97% or 7.60 to 83.80.

Crude oil for November delivery was down 1.20% or 0.86 to $71.06 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 0.90% or 0.73 to hit $80.68 a barrel, while the December Gold Futures contract fell 0.07% or 0.90 to trade at $1230.10 a troy ounce.

EUR/SAR was down 0.35% to 4.3269, while USD/SAR rose 0.02% to 3.7524.

The US Dollar Index Futures was up 0.37% at 95.13.

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