Saudi Arabia stocks lower at close of trade; Tadawul All Share down 1.29%

Saudi Arabia stocks lower at close of trade; Tadawul All Share down 1.29%

May 08, 2018

Investing.com – Saudi Arabia stocks were lower after the close on Tuesday, as losses in the Media&Publishing, Petrochemicals and Insurance sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 1.29%.

The best performers of the session on the Tadawul All Share were United Int Transportation Company (SE:4260), which rose 2.74% or 0.93 points to trade at 34.90 at the close. Meanwhile, Alujain Corporation (SE:2170) added 2.69% or 0.79 points to end at 30.20 and Fawaz Abdulaziz AlHokair Company (SE:4240) was up 2.55% or 0.73 points to 29.35 in late trade.

The worst performers of the session were Saudi Enaya Cooperative Insurance (SE:8311), which fell 9.97% or 1.36 points to trade at 12.28 at the close. Mobile Telecommunications Company (SE:7030) declined 9.95% or 0.80 points to end at 7.24 and Rabigh Refining&Petrochemical Co (SE:2380) was down 9.87% or 2.82 points to 25.75.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 166 to 16 and 2 ended unchanged.

Shares in Saudi Enaya Cooperative Insurance (SE:8311) fell to 52-week lows; losing 9.97% or 1.36 to 12.28. Shares in Alujain Corporation (SE:2170) rose to 5-year highs; rising 2.69% or 0.79 to 30.20.

Crude oil for June delivery was down 0.95% or 0.67 to $70.06 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 0.59% or 0.45 to hit $75.72 a barrel, while the June Gold Futures contract fell 0.30% or 3.90 to trade at $1310.20 a troy ounce.

EUR/SAR was down 0.51% to 4.4486, while USD/SAR unchanged 0.00% to 3.7502.

The US Dollar Index Futures was up 0.43% at 93.01.

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