Saudi Arabia stocks lower at close of trade; Tadawul All Share down 1.60%

Saudi Arabia stocks lower at close of trade; Tadawul All Share down 1.60%

May 29, 2019

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

At the close in Saudi Arabia, the Tadawul All Share declined 1.60%.

The best performers of the session on the Tadawul All Share were Saudi Research and Marketing Group (SE:4210), which rose 4.52% or 3.90 points to trade at 90.20 at the close. Meanwhile, AXA Cooperative Insurance Company (SE:8250) added 4.17% or 0.96 points to end at 24.00 and Saudi Fisheries Co. (SE:6050) was up 3.84% or 1.90 points to 51.40 in late trade.

The worst performers of the session were Anb Insurance (SE:8011), which fell 7.53% or 1.58 points to trade at 19.40 at the close. Saudi Electricity Company (SE:5110) declined 6.32% or 1.08 points to end at 16.00 and The Saudi British Bank (SE:1060) was down 6.10% or 2.50 points to 38.50.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 91 to 79 and 17 ended unchanged.

Crude oil for July delivery was down 2.20% or 1.30 to $57.84 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 1.63% or 1.12 to hit $67.55 a barrel, while the June Gold Futures contract rose 0.36% or 4.65 to trade at $1281.75 a troy ounce.

EUR/SAR was down 0.05% to 4.1828, while USD/SAR rose 0.01% to 3.7504.

The US Dollar Index Futures was up 0.05% at 97.895.

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