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

Investing.com – Saudi Arabia stocks were lower after the close on Wednesday, as losses in the Telecoms & IT , Financial Services and Real Estate Development sectors led shares lower.

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

The best performers of the session on the Tadawul All Share were Red Sea Housing Services Company (TADAWUL:4230 ), which rose 9.90% or 4.10 points to trade at 45.50 at the close. Meanwhile, Saudi Arabian Amiantit Co. (TADAWUL:2160 ) added 6.70% or 1.90 points to end at 30.25 and Saudi Real Estate Co. (TADAWUL:4020 ) was up 5.59% or 1.26 points to 23.80 in late trade.

The worst performers of the session were Jabal Omar Development Company (TADAWUL:4250 ), which fell 3.54% or 0.95 points to trade at 25.90 at the close. Saudi Tadawul Group Holding Co (TADAWUL:1111 ) declined 2.36% or 5.80 points to end at 240.00 and Saudi National Bank (TADAWUL:1180 ) was down 2.36% or 0.85 points to 35.20.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 170 to 116 and 22 ended unchanged.

Shares in Red Sea Housing Services Company (TADAWUL:4230 ) rose to 52-week highs; gaining 9.90% or 4.10 to 45.50.

Crude oil for October delivery was down 1.03% or 0.78 to $74.75 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 0.99% or 0.78 to hit $77.88 a barrel, while the December Gold Futures contract fell 0.79% or 20.10 to trade at $2,532.80 a troy ounce.

EUR/SAR was down 0.65% to 4.17, while USD/SAR unchanged 0.01% to 3.75.

The US Dollar Index Futures was up 0.55% at 101.01.

Source: Investing.com