Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.47% By Investing.com

Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.47%

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Investing.com – Saudi Arabia equities were lower at the close on Monday, as losses in the Agriculture & Food, Real Estate Development and Energy & Utilities sectors propelled shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 0.47% to hit a new 1-month low.

The biggest gainers of the session on the Tadawul All Share were Saudi Steel Pipe Company (SE:1320), which rose 5.78% or 1.34 points to trade at 24.54 at the close. Electrical Industries Co (SE:1303) added 4.03% or 0.78 points to end at 20.14 and Al Sorayai Trading&Industrial Group (SE:1213) was up 3.08% or 0.40 points to 13.40 in late trade.

Biggest losers included Al Alamiya Cooperative Insurance (SE:8280), which lost 3.83% or 1.20 points to trade at 30.15 in late trade. Saudi Arabian Mining Company (SE:1211) declined 3.53% or 1.90 points to end at 52.00 and Al Yamamah Steel Industries Co (SE:1304) shed 3.09% or 0.60 points to 18.80.

Declining stocks outnumbered rising ones by 120 to 52 and 18 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for April delivery was up 1.16% or 0.65 to $56.72 a barrel. Meanwhile, Brent oil for delivery in May rose 1.11% or 0.73 to hit $66.47 a barrel, while the April Gold Futures contract fell 0.22% or 2.80 to trade at $1296.50 a troy ounce.

EUR/SAR was up 0.06% to 4.2168, while USD/SAR rose 0.00% to 3.7503.

The US Dollar Index Futures was down 0.02% at 97.248.

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