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Saudi Arabia stocks lower at close of trade

Saudi Arabia stocks were lower after the close on Tuesday, as losses in the Telecoms & IT, Financial Services and Cement sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share lost 0.19%.

The best performers of the session on the Tadawul All Share were Anb Insurance (SE:8011), which rose 10.00% or 1.72 points to trade at 18.92 at the close. Meanwhile, Al Baha Investment and Development Company SJSC (SE:4130) added 9.96% or 1.52 points to end at 16.78 and Middle East Specialized Cables Co (SE:2370) was up 9.93% or 0.76 points to 8.41 in late trade.

The worst performers of the session were Saudi Industrial Export Co (SE:4140), which fell 7.84% or 9.80 points to trade at 115.20 at the close. ALAHLI TAKAFUL COMPANY (SE:8130) declined 3.51% or 1.00 points to end at 27.50 and National Industrialization Co (SE:2060) was down 3.15% or 0.56 points to 17.20.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 110 to 57 and 16 ended unchanged.

Crude oil for December delivery was down 2.21% or 1.48 to $65.56 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January fell 2.38% or 1.84 to hit $75.50 a barrel, while the December Gold Futures contract fell 0.44% or 5.40 to trade at $1227.10 a troy ounce.

EUR/SAR was down 0.01% to 4.2660, while USD/SAR fell 0.01% to 3.7508.

The US Dollar Index Futures was up 0.22% at 96.56.

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