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Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.61% By Investing.com

by Mike Robinson

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© Reuters. Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.61%

Investing.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 0.61%.

The best performers of the session on the were Al Sorayai Trading&Industrial Group (SE:), which rose 6.07% or 7.40 points to trade at 129.40 at the close. Meanwhile, Kingdom Holding Company (SE:) added 5.07% or 0.56 points to end at 11.60 and Alkhorayef Water and Power Technologies Co (SE:) was up 1.76% or 2.20 points to 127.40 in late trade.

Basic Chemical Industries Co. SE: fell by 5.05% (or 2.45) to trade at 46.05 after the closing. Makkah Construction&Development Co (SE:) declined 3.87% or 2.90 points to end at 72.00 and Al Sagr Co-operative Insurance Co (SE:) was down 3.82% or 0.58 points to 14.60.

The Saudi Arabia Stock Exchange saw falling stocks surpassing advancing shares by 176 to 25, while 7 ended the same.

Kingdom Holding Company’s shares rose to their highest level in three years, rising by 5.07% (or 0.56 to 11.60).

Crude oil fell 1.57%, or 1.13, to $70.69/barrel for November delivery. Brent oil, which was due for delivery November 1, fell by 1.4% or 0.86 and hit $74.48/barrel. Meanwhile, the December Gold Futures contract rose 9.20 or 0.53% to trade at $1760.60 per troy ounce.

EUR/SAR declined 0.05%, to 4.3948. USD/SAR climbed 0.01% at 3.7500.

US Dollar Index Futures were up 0.14 percent at 93.305.

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