Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.54%

Investing.com – Saudi Arabia stocks were lower after the close on Wednesday, as losses in the , and sectors led shares lower.

At the close in Saudi Arabia, the declined 0.54% to hit a new 1-month low.

The best performers of the session on the were Ash-Sharqiyah Development Company (SE:), which rose 9.91% or 6.40 points to trade at 71.00 at the close. Meanwhile, Al-Jouf Agriculture Development Co (SE:) added 9.39% or 2.18 points to end at 25.40 and National Company for Learning and Education SJSC (SE:) was up 8.12% or 2.35 points to 31.30 in late trade.

The worst performers of the session were Saudi Cable Company (SE:), which fell 9.91% or 1.68 points to trade at 15.28 at the close. AL JOUF CEMENT COMPANY (SE:) declined 5.65% or 0.62 points to end at 10.36 and Al Sorayai Trading&Industrial Group (SE:) was down 3.70% or 0.70 points to 18.20.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 109 to 77 and 13 ended unchanged.

Shares in Ash-Sharqiyah Development Company (SE:) rose to 3-years highs; up 9.91% or 6.40 to 71.00. Shares in Saudi Cable Company (SE:) fell to 3-years lows; losing 9.91% or 1.68 to 15.28. Shares in Al-Jouf Agriculture Development Co (SE:) rose to 52-week highs; rising 9.39% or 2.18 to 25.40. Shares in National Company for Learning and Education SJSC (SE:) rose to all time highs; up 8.12% or 2.35 to 31.30.

Crude oil for March delivery was up 2.54% or 1.26 to $50.87 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April rose 2.59% or 1.40 to hit $55.36 a barrel, while the April Gold Futures contract rose 0.28% or 4.35 to trade at $1559.85 a troy ounce.

EUR/SAR was down 0.30% to 4.1303, while USD/SAR unchanged 0.00% to 3.7516.

The US Dollar Index Futures was up 0.26% at 98.060.

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