©Reuters. Saudi Arabian Stocks Slump at Close of Trading; Tadawul All Share down 0.24%
Investing.com – Saudi Arabian stocks fell after Sunday’s close as losses across sectors led stocks lower.
At the close in Saudi Arabia the decline was 0.24%.
The best results of the session were from Saudi Arabia Asbestos Co. (TADAWUL:), which rose 9.96% or 2.65 points to close at 29.25. Meanwhile, Arabian Pipes Company (TADAWUL:) gained 9.94% or 15.80 points to close at 174.80 and Saudi Steel Pipe Company (TADAWUL:) rose 9.91% or 3.85 points to 42.70 in the latest trading.
The worst performing stocks of the session were Al Baha Investment and Development Company SJSC (TADAWUL:), which fell 6.67% or 0.01 points to close at 0.14. Savola Group (TADAWUL:) fell 3.65% or 2.10 points to close at 55.50 and Jadwa REIT Saudi Fund (TADAWUL:) fell 3.07% or 0.40 points to 12.64.
Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 191 to 96 and 14 remained unchanged.
Arabian Pipes Company (TADAWUL:) shares rose to 5-year highs; up 9.94% or from 15.80 to 174.80. Saudi Steel Pipe Company (TADAWUL:) shares rose to all-time highs; up 9.91% or from 3.85 to 42.70.
Crude oil for April delivery fell 2.60% or 2.04 to $76.57 a barrel. Elsewhere in commodities trading, Brent oil for May delivery fell 2.50% or 2.09 to hit $80.80 a barrel, while the April gold futures contract rose 0.74% or 15.10 to trade at $2,045.80 per troy ounce.
EUR/SAR was unchanged 0.01% at 4.06, while USD/SAR was unchanged 0.00% at 3.75.
U.S. dollar index futures rose 0.03% to 103.90.