Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.42%

Aug 09, 2018

Saudi Arabia stocks were lower after the close on Thursday, as losses in the Energy&Utilities, Hotels&Tourism and Media&Publishing sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 0.42% to hit a new 1-month low.

The best performers of the session on the Tadawul All Share were Allianz Saudi Fransi Cooperative Insurance Company (SE:8040), which rose 9.81% or 2.39 points to trade at 26.75 at the close. Meanwhile, Arabian Pipes Company (SE:2200) added 9.77% or 1.02 points to end at 11.46 and BURUJ COOPERATIVE INSURANCE CO (SE:8270) was up 3.85% or 1.05 points to 28.30 in late trade.

The worst performers of the session were Middle East Healthcare Co CJSC (SE:4009), which fell 10.00% or 5.40 points to trade at 48.60 at the close. Saudi Marke (SE:4006) declined 7.32% or 1.50 points to end at 19.00 and Tabuk Cement Co. (SE:3090) was down 6.50% or 0.88 points to 12.66.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 120 to 48 and 16 ended unchanged.

Shares in Middle East Healthcare Co CJSC (SE:4009) fell to 52-week lows; falling 10.00% or 5.40 to 48.60. Shares in Saudi Marke (SE:4006) fell to all time lows; losing 7.32% or 1.50 to 19.00.

Crude oil for September delivery was up 0.09% or 0.06 to $67.00 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 0.26% or 0.19 to hit $72.47 a barrel, while the December Gold Futures contract rose 0.15% or 1.80 to trade at $1222.80 a troy ounce.

EUR/SAR was down 0.18% to 4.3465, while USD/SAR rose 0.03% to 3.7512.

The US Dollar Index Futures was up 0.14% at 95.08.