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Saudi Arabia stocks lower at close of trade; Tadawul All Share down 3.88%

Published 10/11/2018, 09:15 AM
© Reuters.  Saudi Arabia stocks lower at close of trade; Tadawul All Share down 3.88%
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Investing.com – Saudi Arabia stocks were lower after the close on Thursday, as losses in the Financial Services, Petrochemicals and Cement sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 3.88%.

The best performers of the session on the Tadawul All Share were Saudi Industrial Export Co (SE:4140), which rose 9.98% or 5.20 points to trade at 57.30 at the close. Meanwhile, Al Baha Investment and Development Company SJSC (SE:4130) added 9.90% or 1.54 points to end at 17.10 and Saudi Paper Manufacturing Co. (SE:2300) was up 5.05% or 0.60 points to 12.48 in late trade.

The worst performers of the session were Al Alamiya Cooperative Insurance (SE:8280), which fell 8.61% or 3.10 points to trade at 32.90 at the close. Saudi Arabian Mining Company (SE:1211) declined 7.25% or 3.70 points to end at 47.30 and Arab National Bank (SE:1080) was down 6.69% or 2.15 points to 30.00.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 173 to 11 and 1 ended unchanged.

Shares in Saudi Arabian Mining Company (SE:1211) fell to 52-week lows; losing 7.25% or 3.70 to 47.30.

Crude oil for November delivery was down 1.33% or 0.97 to $72.20 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 1.50% or 1.25 to hit $81.84 a barrel, while the December Gold Futures contract rose 1.63% or 19.50 to trade at $1212.90 a troy ounce.

EUR/SAR was up 0.46% to 4.3401, while USD/SAR rose 0.02% to 3.7515.

The US Dollar Index Futures was down 0.35% at 94.89.

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