Saudi Arabia Stocks Lower At Close Of Trade

Saudi Arabia stocks were lower after the close on Wednesday, as losses in the Telecoms & IT, Financial Services and Energy & utility sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share lost 0.92%.

The best performers of the session on the Tadawul All Share were Saudi Paper Manufacturing Co. (SE:2300), which rose 8.02% or 1.95 points to trade at 26.25 at the close. Meanwhile, Food Products Co. (SE:2100) added 6.30% or 0.80 points to end at 13.50 and Al Hassan Ghazi Ibrahim Shaker (SE:1214) was up 4.48% or 0.48 points to 11.20 in late trade.

The worst performers of the session were Anb Insurance (SE:8011), which fell 7.78% or 1.68 points to trade at 19.92 at the close. SABB Takaful (SE:8080) declined 4.02% or 0.68 points to end at 16.22 and Aljazira Takaful Taawuni Company (SE:8012) was down 3.71% or 0.66 points to 17.14.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 100 to 88 and 11 ended unchanged.

Shares in Al Hassan Ghazi Ibrahim Shaker (SE:1214) rose to 52-week highs; rising 4.48% or 0.48 to 11.20.

Crude oil for February delivery was up 1.01% or 0.61 to $61.13 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 1.22% or 0.81 to hit $67.20 a barrel, while the February Gold Futures contract rose 1.05% or 15.70 to trade at $1504.40 a troy ounce.

EUR/SAR was up 0.12% to 4.1654, while USD/SAR fell 0.01% to 3.7523.

The US Dollar Index Futures was up 0.02% at 97.255.

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