Saudi Arabia stocks lower at close of trade

Saudi Arabia stocks were lower after the close on Sunday, as losses in the Industrial Investment, Telecoms & IT and Media & Publishing sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share fell 2.16% to hit a new 1-month low.

The best performers of the session on the Tadawul All Share were Al Sorayai Trading&Industrial Group (SE:1213), which rose 5.58% or 0.76 points to trade at 14.38 at the close. Meanwhile, Food Products Co. (SE:2100) added 5.26% or 0.82 points to end at 16.42 and Knowledge Economic City (SE:4310) was up 1.56% or 0.15 points to 9.75 in late trade.

The worst performers of the session were Saudi Industrial Export Co (SE:4140), which fell 10.00% or 13.40 points to trade at 120.60 at the close. Falcom Petrochemical declined 8.21% or 2.80 points to end at 31.30 and Amana Cooperative Insurance Co (SE:8310) was down 5.82% or 1.10 points to 17.80.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 169 to 13 and 3 ended unchanged.

Crude oil for January delivery was unchanged 0.00% or 0.00 to $56.68 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 0.57% or 0.38 to hit $67.00 a barrel, while the December Gold Futures contract rose 1.90% or 22.80 to trade at $1222.00 a troy ounce.

EUR/SAR was up 0.84% to 4.2850, while USD/SAR rose 0.04% to 3.7531.

The US Dollar Index Futures was down 0.50% at 96.31.

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