Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.42%

Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.42%

Nov 11, 2018

Saudi Arabia stocks were lower after the close on Sunday, as losses in the Real Estate Development, Petrochemicals and Building&Construction sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 0.42%.

The best performers of the session on the Tadawul All Share were Saudi Fisheries Co. (SE:6050), which rose 9.92% or 2.40 points to trade at 26.60 at the close. Meanwhile, Saudi Industrial Export Co (SE:4140) added 9.88% or 14.60 points to end at 162.40 and Al-Ahlia Insurance Company (SE:8140) was up 8.07% or 0.88 points to 11.78 in late trade.

The worst performers of the session were Saudi Paper Manufacturing Co. (SE:2300), which fell 9.87% or 1.40 points to trade at 12.78 at the close. Gulf Union Cooperative Insurance (SE:8120) declined 8.31% or 1.26 points to end at 13.90 and Solidarity Saudi Takaful Co (SE:8290) was down 7.17% or 1.14 points to 14.76.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 122 to 56 and 7 ended unchanged.

Shares in Saudi Industrial Export Co (SE:4140) rose to 52-week highs; up 9.88% or 14.60 to 162.40.

Crude oil for December delivery was down 1.37% or 0.83 to $59.84 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January fell 1.43% or 1.01 to hit $69.64 a barrel, while the December Gold Futures contract fell 1.30% or 15.90 to trade at $1210.30 a troy ounce.

EUR/SAR was down 0.26% to 4.2525, while USD/SAR rose 0.02% to 3.7514.

The US Dollar Index Futures was up 0.20% at 96.74.

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