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Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.46% By biedexmarkets.com

Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.46%

© Reuters. Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.46%

biedexmarkets.com – Saudi Arabia stocks were lower after the close on Monday, as losses in the , and sectors led shares lower.

At the close in Saudi Arabia, the declined 0.46% to hit a new 52-week low.

The best performers of the session on the were Tourism Enterprise Co. (TADAWUL:), which rose 9.98% or 3.20 points to trade at 35.25 at the close. Meanwhile, Etihad Atheeb Telecommunication (TADAWUL:) added 9.90% or 4.90 points to end at 54.40 and Arabia Insurance Cooperative Co (TADAWUL:) was up 7.33% or 0.78 points to 11.42 in late trade.

The worst performers of the session were Saudi Electricity Company (TADAWUL:), which fell 4.16% or 1.06 points to trade at 24.44 at the close. Retal Urban Development Company SJSC (TADAWUL:) declined 2.84% or 3.40 points to end at 116.40 and Saudi Telecom (TADAWUL:) was down 2.69% or 1.05 points to 38.00.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 169 to 77 and 8 ended unchanged.

Shares in Retal Urban Development Company SJSC (TADAWUL:) fell to all time lows; losing 2.84% or 3.40 to 116.40.

Crude oil for January delivery was down 2.46% or 1.88 to $74.40 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 2.48% or 2.08 to hit $81.63 a barrel, while the December Gold Futures contract fell 0.20% or 3.50 to trade at $1,750.50 a troy ounce.

EUR/SAR was up 0.54% to 3.93, while USD/SAR unchanged 0.01% to 3.76.

The US Dollar Index Futures was down 0.20% at 105.70.

Written by biedex markets