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Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.51%

Published 2016-01-13, 08:15 a/m
© Reuters.  Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.51%

Investing.com – Saudi Arabia stocks were lower after the close on Wednesday, as losses in the Media & Publishing, Retail and Telecoms & IT sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 0.51% to hit a new 3-years low.

The best performers of the session on the Tadawul All Share were Herfy Food Services Co (SE:6002), which rose 7.26% or 6.50 points to trade at 96.00 at the close. Meanwhile, The Company for Coop. Insurance (SE:8010) added 5.34% or 3.50 points to end at 69.00 and Aljazira Takaful Taawuni Company (SE:8012) was up 5.33% or 1.60 points to 31.60 in late trade.

The worst performers of the session were Al Sagr Co-operative Insurance Co (SE:8180), which fell 11.15% or 3.40 points to trade at 27.10 at the close. Solidarity Saudi Takaful Co (SE:8290) declined 10.71% or 0.90 points to end at 7.50 and Anaam International Holding Group (SE:4061) was down 9.20% or 1.60 points to 15.80.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 123 to 43.

Shares in Anaam International Holding Group (SE:4061) fell to 5-year lows; falling 9.20% or 1.60 to 15.80.

Crude oil for February delivery was up 2.51% or 0.77 to $31.20 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 1.91% or 0.59 to hit $31.54 a barrel, while the February Gold contract fell 0.37% or 4.00 to trade at $1081.20 a troy ounce.

EUR/SAR was down 0.31% to 4.0602, while USD/SAR rose 0.10% to 3.7550.

The US Dollar Index was up 0.29% at 99.31.

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