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Saudi Arabia stocks lower at close of trade; Tadawul All Share down 4.53% -Breaking

by Mike Robinson

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© Reuters. Stocks in Saudi Arabia are lower after close of trade. Tadawul All share down 4.53%

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

Saudi Arabia’s close saw the stock market drop by 4.53% and reach a three-month high.

These were the best performers of the session Saudi Enaya Cooperative Insurance (SE:), rose 9.88% (3.00 points) to trade at 33.35 after the close. Amana Cooperative Insurance Co. (+9.87%) added 3.35 points to finish at 37.30. National Company for Learning and Education SJSC (+1.34%) increased to 60.70, up 0.80 points in late-trade.

The worst performers of the session were Rabigh Refining & Petrochemical Co (SE:), which fell 9.95% or 2.34 points to trade at 21.18 at the close. Saudi Kayan Petrochemical Company’s (SE) fell 9.94%, or 1.74 point to finish at 15.76. Jazan development Co. (SE) dropped 9.93% or 2.20 to 19.96.

By 205 to 9, advancing stocks outnumbered falling ones on Saudi Arabia Stock Exchange. 2 was left unchanged.

Crude oil dropped 13.04%, or 10.22, to $68.17 per barrel in January. Brent oil fell 9.31 percent or 11.32% to $72.91 per barrel in commodity trading. The December Gold Futures contract, however, rose 0.4% or 7.10, to $1791.40 an ounce.

EUR/SAR rose 1.03% to 4.2465 while USD/SAR dropped 0.02% at 3.7507.

US Dollar Index Futures were down by 0.82% to 96.078.

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