Saudi Arabia stocks lower at close of trade; Tadawul All Share down 4.06% -Breaking
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© Reuters. Saudi Arabia stock prices lower at the close of trade. Tadawul All share down 4.06%Investing.com – Saudi Arabia stocks were lower after the close on Thursday, as losses in the , and sectors led shares lower.
The Saudi Arabian currency lost 4.06% at the end to reach a new one-month low.
Saudi Company for Hardware, which gained 2.67% (or 1.15 points) to trade at 44.25 by the close of the session. Saudi RE Cooperative Reinsurance had a 0.36 point gain to trade at 45.25. Development Works Food Co In late trade, TADAWUL was up by 2.24% (or 5.80) to 264.80
Saudi Industrial Export Co., which dropped 85.43% (or 355.40) points to trade close at 60.60 on the closing of session, was among the worst. Banque Saudi Fransi declined 9.96%, or 5.40 point to close at 48.80. Riyad Bank was down 8.77%, or 3.30 to 35.20.
The Saudi Arabia Stock Exchange ended the day unchanged with falling stocks surpassing advancing by 207 to 27, and 2 respectively.
Saudi Industrial Export Co. (TADAWUL) shares fell to their lowest level in five years, falling by 85.43%. This is a drop of 355.40 to 60.60.
The June delivery of crude oil was 0.39 to $106.12 per barrel, an increase of 0.39%. Brent oil, which was due for delivery on July 24, fell by 0.24 or 0.22, hitting $107.27/barrel. Meanwhile, the June Gold Futures contract lost 0.65% (or 11.98) to trade at $1.841.72 per troy ounce.
EUR/SAR fell 0.98% from 3.90 to 3.90 while USD/SAR remained unchanged at 0.00% from 3.75 to 3.75.
At 104.53, the US Dollar Index Futures rose 0.63%.
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