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Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.18%

Published 07/01/2024, 08:45 AM
Updated 07/01/2024, 08:50 AM
© Reuters.  Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.18%
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Investing.com – Saudi Arabia stocks were lower after the close on Monday, as losses in the Energy & Utilities, Insurance and Multi Investment sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share fell 0.18%.

The best performers of the session on the Tadawul All Share were Saudi Steel Pipe Company (TADAWUL:1320), which rose 9.97% or 6.50 points to trade at 71.70 at the close. Meanwhile, Al Taiseer Group TALCO Industrial Company SCJSC (TADAWUL:4143) added 8.85% or 5.10 points to end at 62.70 and East Pipes Integrated Company for Industry (TADAWUL:1321) was up 7.20% or 11.60 points to 172.60 in late trade.

The worst performers of the session were Sedco Capital REIT (TADAWUL:4344), which fell 4.29% or 0.33 points to trade at 7.36 at the close. Mobile Telecommunications Company (TADAWUL:7030) declined 4.07% or 0.48 points to end at 11.32 and Walaa Cooperative Insurance Company SJSC (TADAWUL:8060) was down 3.46% or 1.00 points to 27.90.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 164 to 125 and 20 ended unchanged.

Shares in Sedco Capital REIT (TADAWUL:4344) fell to 5-year lows; losing 4.29% or 0.33 to 7.36. Shares in Al Taiseer Group TALCO Industrial Company SCJSC (TADAWUL:4143) rose to all time highs; rising 8.85% or 5.10 to 62.70. Shares in East Pipes Integrated Company for Industry (TADAWUL:1321) rose to all time highs; up 7.20% or 11.60 to 172.60.

Crude oil for August delivery was up 0.54% or 0.44 to $81.98 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 0.66% or 0.56 to hit $85.56 a barrel, while the August Gold Futures contract fell 0.07% or 1.55 to trade at $2,338.05 a troy ounce.

EUR/SAR was up 0.36% to 4.03, while USD/SAR unchanged 0.00% to 3.75.

The US Dollar Index Futures was down 0.11% at 105.43.

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