Saudi Arabia stocks lower at close of trade; Tadawul All Share down 1.65%

Stock market

Saudi Arabia stocks were lower after the close on Monday, as losses in the Media & Publishing, Industrial Investment and Cement sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share fell 1.65% to hit a new 3-months low.

The best performers of the session on the Tadawul All Share were Arabian Shield Coop Insurance Co (SE:8070), which rose 2.13% or 0.50 points to trade at 24.00 at the close. Meanwhile, Saudi Electricity Company (SE:5110) added 1.30% or 0.25 points to end at 19.50 and Saudi Industrial Export Co (SE:4140) was up 0.54% or 0.20 points to 37.50 in late trade.

The worst performers of the session were The National Co for Glass Industrie (SE:2150), which fell 8.68% or 1.90 points to trade at 20.00 at the close. Saudi Industrial Investment Group (SE:2250) declined 7.72% or 1.05 points to end at 12.55 and Al Hassan Ghazi Ibrahim Shaker (SE:1214) was down 6.53% or 1.30 points to 18.60.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 159 to 4 and 6 ended unchanged.

Crude oil for October delivery was down 2.12% or 1.04 to $48.07 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 2.52% or 1.28 to hit $49.60 a barrel, while the December Gold contract fell 0.31% or 4.15 to trade at $1342.05 a troy ounce.

EUR/SAR was down 0.12% to 4.2415, while USD/SAR rose 0.01% to 3.7504.

The US Dollar Index was up 0.10% at 94.57.

Source by Investing.com