Saudi Arabia stocks lower at close of trade; Tadawul All Share down 2.84%

Investing.com – Saudi Arabia stocks were lower after the close on Monday, as losses in the , and sectors led shares lower.

At the close in Saudi Arabia, the fell 2.84% to hit a new 52-week low.

The best performers of the session on the were Etihad Atheeb Telecommunication (TADAWUL:), which rose 2.88% or 1.50 points to trade at 53.60 at the close. Meanwhile, Saudi Industrial Investment Group (TADAWUL:) added 2.09% or 0.42 points to end at 20.50 and Theeb Rent a Car Company SJSC (TADAWUL:) was up 1.60% or 1.00 points to 63.50 in late trade.

The worst performers of the session were Saudi Enaya Cooperative Insurance (TADAWUL:), which fell 9.93% or 1.14 points to trade at 10.34 at the close. Saudi Arabia Refineries Co. (TADAWUL:) declined 6.56% or 5.50 points to end at 78.30 and Al-Rajhi Cooperative Insurance (TADAWUL:) was down 6.03% or 5.20 points to 81.10.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 210 to 38 and 8 ended unchanged.

Shares in Saudi Enaya Cooperative Insurance (TADAWUL:) fell to 5-year lows; losing 9.93% or 1.14 to 10.34. Shares in Saudi Arabia Refineries Co. (TADAWUL:) fell to 52-week lows; down 6.56% or 5.50 to 78.30.

Crude oil for January delivery was up 2.49% or 1.99 to $81.97 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 2.33% or 1.99 to hit $87.56 a barrel, while the February Gold Futures contract fell 0.29% or 5.25 to trade at $1,804.35 a troy ounce.

EUR/SAR was up 0.30% to 3.97, while USD/SAR unchanged 0.05% to 3.76.

The US Dollar Index Futures was down 0.06% at 104.44.

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