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Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.70%

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Saudi Arabia stocks were lower after the close on Monday, as losses in the Hotels & Tourism, Media & Publishing and Real Estate Development sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share fell 0.70% to hit a new 1-month low.

The best performers of the session on the Tadawul All Share were Al Etihad Cooperative Insurance Co SJSC (TADAWUL:8170), which rose 9.99% or 1.72 points to trade at 18.94 at the close. Meanwhile, Walaa Cooperative Insurance Company SJSC (TADAWUL:8060) added 6.36% or 1.16 points to end at 19.40 and Aldrees Petroleum & Transport Svcs (TADAWUL:4200) was up 4.67% or 5.40 points to 121.00 in late trade.

The worst performers of the session were Development Works Food Co (TADAWUL:6013), which fell 9.99% or 15.00 points to trade at 135.20 at the close. Etihad Atheeb Telecommunication (TADAWUL:7040) declined 9.90% or 8.20 points to end at 74.60 and Saudi Airlines Catering Company (TADAWUL:6004) was down 8.36% or 9.40 points to 103.00.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 196 to 75 and 12 ended unchanged.

Shares in Al Etihad Cooperative Insurance Co SJSC (TADAWUL:8170) rose to 52-week highs; gaining 9.99% or 1.72 to 18.94. Shares in Development Works Food Co (TADAWUL:6013) fell to 52-week lows; falling 9.99% or 15.00 to 135.20. Shares in Walaa Cooperative Insurance Company SJSC (TADAWUL:8060) rose to 52-week highs; gaining 6.36% or 1.16 to 19.40.

Crude oil for September delivery was down 1.11% or 0.92 to $81.90 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 1.06% or 0.91 to hit $85.33 a barrel, while the December Gold Futures contract fell 0.30% or 6.00 to trade at $1,970.10 a troy ounce.

EUR/SAR was up 0.44% to 4.12, while USD/SAR unchanged 0.01% to 3.75.

The US Dollar Index Futures was up 0.08% at 101.92.

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