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Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.53%

Published 01/08/2024, 13:45
Updated 01/08/2024, 13:50
© Reuters.  Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.53%
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Investing.com – Saudi Arabia equities were lower at the close on Thursday, as losses in the Insurance, Building & Construction and Media & Publishing sectors propelled shares lower.

At the close in Saudi Arabia, the Tadawul All Share lost 0.53%.

The biggest gainers of the session on the Tadawul All Share were Fawaz Abdulaziz AlHokair Company (TADAWUL:4240), which rose 5.91% or 0.46 points to trade at 8.25 at the close. Rabigh Refining & Petrochemical Co (TADAWUL:2380) added 4.96% or 0.35 points to end at 7.41 and National Medical Care Company (TADAWUL:4005) was up 3.58% or 7.40 points to 214.00 in late trade.

Biggest losers included Gulf Union Cooperative Insurance (TADAWUL:8120), which lost 9.99% or 1.92 points to trade at 17.30 in late trade. Kingdom Holding Company (TADAWUL:4280) declined 8.00% or 0.80 points to end at 9.20 and Saudi Arabian Cooperative Insurance (TADAWUL:8100) shed 7.14% or 1.20 points to 15.60.

Declining stocks outnumbered rising ones by 210 to 83 and 24 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for September delivery was up 0.80% or 0.62 to $78.53 a barrel. Meanwhile, Brent oil for delivery in October rose 0.74% or 0.60 to hit $81.44 a barrel, while the December Gold Futures contract rose 0.81% or 20.10 to trade at $2,493.10 a troy ounce.

EUR/SAR was down 0.26% to 4.05, while USD/SAR unchanged 0.01% to 3.75.

The US Dollar Index Futures was up 0.25% at 104.11.

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