Saudi Arabia stocks lower at close of trade; Tadawul All Share down 4.06%
2022.05.12 18:01
Saudi Arabia stocks lower at close of trade; Tadawul All Share down 4.06%
Investing.com – Saudi Arabia stocks were lower after the close on Thursday, as losses in the Financial Services, Telecoms & IT and Insurance sectors led shares lower.
At the close in Saudi Arabia, the Tadawul All Share lost 4.06% to hit a new 1-month low.
The best performers of the session on the Tadawul All Share were Saudi Company for Hardware (TADAWUL:4008), which rose 2.67% or 1.15 points to trade at 44.25 at the close. Meanwhile, Saudi RE Cooperative Reinsurance (TADAWUL:8200) added 2.36% or 0.36 points to end at 15.60 and Development Works Food Co (TADAWUL:6013) was up 2.24% or 5.80 points to 264.80 in late trade.
The worst performers of the session were Saudi Industrial Export Co (TADAWUL:4140), which fell 85.43% or 355.40 points to trade at 60.60 at the close. Banque Saudi Fransi (TADAWUL:1050) declined 9.96% or 5.40 points to end at 48.80 and Riyad Bank (TADAWUL:1010) was down 8.57% or 3.30 points to 35.20.
Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 207 to 27 and 2 ended unchanged.
Shares in Saudi Industrial Export Co (TADAWUL:4140) fell to 5-year lows; falling 85.43% or 355.40 to 60.60.
Crude oil for June delivery was up 0.39% or 0.41 to $106.12 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 0.22% or 0.24 to hit $107.27 a barrel, while the June Gold Futures contract fell 0.65% or 11.98 to trade at $1,841.72 a troy ounce.
EUR/SAR was down 0.98% to 3.90, while USD/SAR unchanged 0.00% to 3.75.
The US Dollar Index Futures was up 0.63% at 104.53.
