Saudi Arabia stocks lower at close of trade; Tadawul All Share down 1.36%

Aug 12, 2018

Saudi Arabia stocks were lower after the close on Sunday, as losses in the Media&Publishing, Petrochemicals and Real Estate Development sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 1.36% to hit a new 1-month low.

The best performers of the session on the Tadawul All Share were Saudi Company for Hardware (SE:4008), which rose 4.35% or 3.40 points to trade at 81.50 at the close. Meanwhile, Saudi Cable Company (SE:2110) added 3.27% or 0.24 points to end at 7.58 and Al Yamamah Steel Industries Co (SE:1304) was up 2.17% or 0.36 points to 16.98 in late trade.

The worst performers of the session were Middle East Healthcare Co CJSC (SE:4009), which fell 9.98% or 4.85 points to trade at 43.75 at the close. Saudi Paper Manufacturing Co. (SE:2300) declined 7.28% or 0.56 points to end at 7.13 and Arabian Pipes Company (SE:2200) was down 6.81% or 0.78 points to 10.68.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 157 to 19 and 8 ended unchanged.

Shares in Middle East Healthcare Co CJSC (SE:4009) fell to 52-week lows; falling 9.98% or 4.85 to 43.75.

Crude oil for September delivery was up 1.45% or 0.97 to $67.78 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 1.25% or 0.90 to hit $72.97 a barrel, while the December Gold Futures contract fell 0.06% or 0.70 to trade at $1219.20 a troy ounce.

EUR/SAR was down 1.03% to 4.2788, while USD/SAR rose 0.01% to 3.7504.

The US Dollar Index Futures was up 0.76% at 96.19.