Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.47%

Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.47%

Mar 11, 2019

Saudi Arabia stocks were lower after the close on Monday, as losses in the Agriculture&Food, Real Estate Development and Energy&Utilities sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share fell 0.47% to hit a new 1-month low.

The best performers of the session on the Tadawul All Share were Saudi Steel Pipe Company (SE:1320), which rose 5.78% or 1.34 points to trade at 24.54 at the close. Meanwhile, Electrical Industries Co (SE:1303) added 4.03% or 0.78 points to end at 20.14 and Al Sorayai Trading&Industrial Group (SE:1213) was up 3.08% or 0.40 points to 13.40 in late trade.

The worst performers of the session were Al Alamiya Cooperative Insurance (SE:8280), which fell 3.83% or 1.20 points to trade at 30.15 at the close. Saudi Arabian Mining Company (SE:1211) declined 3.53% or 1.90 points to end at 52.00 and Al Yamamah Steel Industries Co (SE:1304) was down 3.09% or 0.60 points to 18.80.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 120 to 52 and 18 ended unchanged.

Crude oil for April delivery was up 1.18% or 0.66 to $56.73 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May rose 1.13% or 0.74 to hit $66.48 a barrel, while the April Gold Futures contract fell 0.21% or 2.75 to trade at $1296.55 a troy ounce.

EUR/SAR was up 0.06% to 4.2168, while USD/SAR rose 0.00% to 3.7503.

The US Dollar Index Futures was down 0.02% at 97.248.

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