Saudi Arabia stocks lower at close of trade; Tadawul All Share down 7.75%

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

At the close in Saudi Arabia, the fell 7.75% to hit a new 3-years low.

The best performers of the session on the were Saudia Dairy and Foodstuff .Co (SE:), which rose 1.43% or 1.80 points to trade at 127.80 at the close. Meanwhile, Etihad Atheeb Telecommunication (SE:) unchanged 0.00% or 0.000 points to end at 7.211 and Abdullah A. M. Al-Khodari Sons Co (SE:) was unchanged 0.00% or 0.00 points to 5.39 in late trade.

The worst performers of the session were ACE ARABIA COOPERATIVE INSURANCE (SE:), which fell 10.00% or 1.82 points to trade at 16.38 at the close. The Mediterranean&Gulf Insurance Co (SE:) declined 10.00% or 1.64 points to end at 14.76 and Qassim Agriculture Co. (SE:) was down 10.00% or 1.05 points to 9.45.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 197 to 1.

Shares in ACE ARABIA COOPERATIVE INSURANCE (SE:) fell to 52-week lows; falling 10.00% or 1.82 to 16.38. Shares in Qassim Agriculture Co. (SE:) fell to 52-week lows; falling 10.00% or 1.05 to 9.45.

Crude oil for April delivery was down 17.34% or 7.16 to $34.12 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May fell 18.40% or 8.33 to hit $36.94 a barrel, while the April Gold Futures contract fell 0.33% or 5.60 to trade at $1666.80 a troy ounce.

EUR/SAR was up 1.28% to 4.2904, while USD/SAR rose 0.05% to 3.7540.

The US Dollar Index Futures was down 0.90% at 95.073.

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