Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.53%

Investing.com – Saudi Arabia equities were lower at the close on Wednesday, as losses in the Telecoms&IT, Financial Services and Real Estate Development sectors propelled shares lower.

At the close in Saudi Arabia, the Tadawul All Share fell 0.53%.

The biggest gainers of the session on the Tadawul All Share were Red Sea Housing Services Company (TADAWUL:4230), which rose 9.90% or 4.10 points to trade at 45.50 at the close. Saudi Arabian Amiantit Co. (TADAWUL:2160) added 6.70% or 1.90 points to end at 30.25 and Saudi Real Estate Co. (TADAWUL:4020) was up 5.59% or 1.26 points to 23.80 in late trade.

Biggest losers included Jabal Omar Development Company (TADAWUL:4250), which lost 3.54% or 0.95 points to trade at 25.90 in late trade. Saudi Tadawul Group Holding Co (TADAWUL:1111) declined 2.36% or 5.80 points to end at 240.00 and Saudi National Bank (TADAWUL:1180) shed 2.36% or 0.85 points to 35.20.

Declining stocks outnumbered rising ones by 170 to 116 and 22 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for October delivery was down 0.97% or 0.73 to $74.80 a barrel. Meanwhile, Brent oil for delivery in November fell 0.94% or 0.74 to hit $77.92 a barrel, while the December Gold Futures contract fell 0.79% or 20.25 to trade at $2,532.65 a troy ounce.

EUR/SAR was down 0.65% to 4.17, while USD/SAR unchanged 0.01% to 3.75.

The US Dollar Index Futures was up 0.54% at 101.00.