Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.39%

Aug 08, 2018

Saudi Arabia stocks were lower after the close on Wednesday, as losses in the Petrochemicals, Cement and Telecoms&IT sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 0.39% to hit a new 1-month low.

The best performers of the session on the Tadawul All Share were Saudi vitrified clay pipes co. (SE:2360), which rose 6.52% or 2.95 points to trade at 48.20 at the close. Meanwhile, Fawaz Abdulaziz AlHokair Company (SE:4240) added 5.04% or 1.25 points to end at 26.05 and Bupa Arabia for Coop. Insurance (SE:8210) was up 3.19% or 3.00 points to 97.00 in late trade.

The worst performers of the session were Rabigh Refining&Petrochemical Co (SE:2380), which fell 8.17% or 2.30 points to trade at 25.85 at the close. Arabian Pipes Company (SE:2200) declined 4.40% or 0.48 points to end at 10.44 and National Gas&Industrialization Co (SE:2080) was down 2.88% or 0.80 points to 27.00.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 103 to 65 and 18 ended unchanged.

Shares in National Gas&Industrialization Co (SE:2080) fell to 52-week lows; down 2.88% or 0.80 to 27.00.

Crude oil for September delivery was down 1.45% or 1.00 to $68.17 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 0.91% or 0.68 to hit $73.97 a barrel, while the December Gold Futures contract fell 0.11% or 1.40 to trade at $1216.90 a troy ounce.

EUR/SAR was down 0.13% to 4.3444, while USD/SAR fell 0.02% to 3.7496.

The US Dollar Index Futures was up 0.16% at 95.15.