Saudi Arabia shares lower at close of trade; Tadawul All Share down 1.56%

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Saudi Arabia shares lower at close of trade; Tadawul All Share down 1.56%
Credit: © Reuters. – Saudi Arabia equities were lower at the close on Sunday, as losses in the Media & Publishing , Insurance and Telecoms & IT sectors propelled shares lower.

At the close in Saudi Arabia, the Tadawul All Share lost 1.56% to hit a new 1-month low.

The biggest gainers of the session on the Tadawul All Share were AXA Cooperative Insurance Company (SE: 8250 ), which rose 6.00% or 0.90 points to trade at 15.90 at the close. Aljazira Takaful Taawuni Company (SE: 8012 ) added 3.56% or 1.20 points to end at 34.90 and Saudi Arabian Mining Company (SE: 1211 ) was up 3.51% or 1.00 points to 29.50 in late trade.

Biggest losers included Gulf Union Cooperative Insurance (SE: 8120 ), which lost 9.95% or 1.10 points to trade at 9.95 in late trade. United Cooperative Assurance Co (SE: 8190 ) declined 9.95% or 1.00 points to end at 9.05 and Al-Ahlia Insurance Company (SE: 8140 ) shed 9.85% or 0.65 points to 5.95.

Declining stocks outnumbered rising ones by 155 to 10 and 3 ended unchanged on the Saudi Arabia Stock Exchange.

In commodities trading, Crude oil for May delivery was down 4.33% or 1.66 to $36.68 a barrel. Meanwhile, Brent oil for delivery in June fell 4.19% or 1.69 to hit $38.64 a barrel, while the June Gold contract fell 0.91% or 11.30 to trade at $1224.30 a troy ounce.

EUR/SAR was up 0.12% to 4.2731, while USD/SAR fell 0.01% to 3.7499.

The US Dollar Index was down 0.07% at 94.58.

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