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Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.58%

Published 04/08/2015, 14:15
Updated 04/08/2015, 14:15
© Reuters.  Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.58%

Investing.com – Saudi Arabia equities were lower at the close on Tuesday, as losses in the Telecoms & IT, Insurance and Petrochemicals sectors propelled shares lower.

At the close in Saudi Arabia, the Tadawul All Share lost 0.58% to hit a new 3-month low.

The biggest gainers of the session on the Tadawul All Share were Saudi Printing & Packaging Company (SE:4270), which rose 3.71% or 0.65 points to trade at 18.15 at the close. BANK ALBILAD (SE:1140) added 2.88% or 0.87 points to end at 31.10 and Etihad Atheeb Telecommunication (SE:7040) was up 2.65% or 0.16 points to 6.20 in late trade.

Biggest losers included The Mediterranean&Gulf Insurance Co (SE:8030), which lost 5.41% or 1.90 points to trade at 33.20 in late trade. Etihad Etisalat Co (SE:7020) declined 3.14% or 0.98 points to end at 30.20 and Astra Industrial Group (SE:1212) shed 2.70% or 0.79 points to 28.50.

Declining stocks outnumbered rising ones by 106 to 60 on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for September delivery was up 1.17% or 0.53 to $45.70 a barrel. Meanwhile, Brent oil for delivery in September rose 1.18% or 0.58 to hit $50.10 a barrel, while the December Gold contract rose 0.15% or 1.60 to trade at $1091.00 a troy ounce.

EUR/SAR was up 0.10% to 4.1110, while USD/SAR fell 0.01% to 3.7500.

The US Dollar Index was down 0.12% at 97.48.

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