Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.88%

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Saudi Arabia shares lower at close of trade; Tadawul All Share down 0.88%
Credit: © Reuters. – Saudi Arabia equities were lower at the close on Tuesday, as losses in the Hotels & Tourism , Insurance and Petrochemicals sectors propelled shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 0.88%.

The biggest gainers of the session on the Tadawul All Share were Saudi Steel Pipe Company (SE: 1320 ), which rose 4.83% or 0.85 points to trade at 18.45 at the close. Arabian Shield Coop Insurance Co (SE: 8070 ) added 4.46% or 1.00 points to end at 23.40 and Alinma Tokio Marine Co (SE: 8312 ) was up 4.28% or 0.90 points to 21.95 in late trade.

Biggest losers included Amana Cooperative Insurance Co (SE: 8310 ), which lost 7.39% or 0.65 points to trade at 8.15 in late trade. Saudi Industrial Investment Group (SE: 2250 ) declined 4.65% or 0.60 points to end at 12.30 and Saudi Indian Company Insurance (SE: 8110 ) shed 4.65% or 0.50 points to 10.25.

Declining stocks outnumbered rising ones by 107 to 47 and 13 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for April delivery was down 1.24% or 0.46 to $36.72 a barrel. Meanwhile, Brent oil for delivery in May fell 1.21% or 0.48 to hit $39.05 a barrel, while the April Gold contract fell 1.05% or 13.10 to trade at $1232.00 a troy ounce.

EUR/SAR was up 0.09% to 4.1669, while USD/SAR fell 0.00% to 3.7499.

The US Dollar Index was down 0.01% at 96.59.

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