Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.48%

Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.48%

Oct 01, 2019

Saudi Arabia stocks were lower after the close on Tuesday, as losses in the Energy&Utilities, Financial Services and Building&Construction sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share lost 0.48%.

The best performers of the session on the Tadawul All Share were ACE ARABIA COOPERATIVE INSURANCE (SE:8240), which rose 6.53% or 1.28 points to trade at 20.88 at the close. Meanwhile, Saudi Automotive Services Co. (SE:4050) added 4.23% or 0.88 points to end at 21.68 and Al Yamamah Steel Industries Co (SE:1304) was up 4.05% or 0.70 points to 18.00 in late trade.

The worst performers of the session were Anb Insurance (SE:8011), which fell 4.65% or 0.80 points to trade at 16.40 at the close. Arabia Insurance Cooperative Co (SE:8160) declined 3.83% or 0.70 points to end at 17.60 and Southern Province Cement Co. (SE:3050) was down 3.50% or 2.00 points to 55.10.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 106 to 75 and 10 ended unchanged.

Shares in Saudi Automotive Services Co. (SE:4050) rose to 3-years highs; up 4.23% or 0.88 to 21.68.

Crude oil for November delivery was up 0.39% or 0.21 to $54.28 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 0.74% or 0.44 to hit $59.69 a barrel, while the December Gold Futures contract rose 0.70% or 10.25 to trade at $1483.15 a troy ounce.

EUR/SAR was up 0.12% to 4.0930, while USD/SAR rose 0.00% to 3.7512.

The US Dollar Index Futures was up 0.04% at 99.062.

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