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Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.40%

Published 15/03/2018, 13:15
© Reuters.  Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.40%
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Investing.com – Saudi Arabia equities were lower at the close on Thursday, as losses in the Insurance, Petrochemicals and Retail sectors propelled shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 0.40%.

The biggest gainers of the session on the Tadawul All Share were United Electronics Company (SE:4003), which rose 5.69% or 3.82 points to trade at 71.00 at the close. Falcom Petrochemical added 4.93% or 1.40 points to end at 29.80 and Yanbu Cement Co. (SE:3060) was up 2.64% or 0.81 points to 31.50 in late trade.

Biggest losers included Salama Cooperative Insurance Co (SE:8050), which lost 9.98% or 3.02 points to trade at 27.25 in late trade. Al-Rajhi Cooperative Insurance (SE:8230) declined 9.96% or 7.50 points to end at 67.80 and Malath Cooperative Insurance Co (SE:8020) shed 9.95% or 1.81 points to 16.38.

Declining stocks outnumbered rising ones by 123 to 58 and 4 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for April delivery was up 0.62% or 0.38 to $61.34 a barrel. Meanwhile, Brent oil for delivery in May rose 0.48% or 0.31 to hit $65.20 a barrel, while the April Gold Futures contract fell 0.49% or 6.50 to trade at $1319.10 a troy ounce.

EUR/SAR was down 0.21% to 4.6295, while USD/SAR rose 0.03% to 3.7513.

The US Dollar Index Futures was up 0.16% at 89.89.

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