Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.61% By

© Reuters. Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.61% – Saudi Arabia stocks were lower after the close on Wednesday, as losses in the , and sectors led shares lower.

At the close in Saudi Arabia, the lost 0.61% to hit a new 3-months low.

The best performers of the session on the were Gulf Union Cooperative Insurance (SE:), which rose 8.20% or 1.00 points to trade at 13.20 at the close. Meanwhile, Filing & Packing Materials Co. (SE:) added 7.16% or 2.40 points to end at 35.90 and Al Aseel Co Ltd (SE:) was up 5.75% or 2.50 points to 46.00 in late trade.

The worst performers of the session were Al Sorayai Trading&Industrial Group (SE:), which fell 9.91% or 1.62 points to trade at 14.72 at the close. Anb Insurance (SE:) declined 6.63% or 1.10 points to end at 15.50 and Umm Al-Qura (SE:) was down 5.24% or 1.45 points to 26.20.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 163 to 29 and 7 ended unchanged.

Shares in Filing & Packing Materials Co. (SE:) rose to 52-week highs; gaining 7.16% or 2.40 to 35.90.

Crude oil for April delivery was down 0.72% or 0.36 to $49.54 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May fell 0.98% or 0.53 to hit $53.73 a barrel, while the April Gold Futures contract fell 0.70% or 11.55 to trade at $1638.45 a troy ounce.

EUR/SAR was down 0.05% to 4.0800, while USD/SAR fell 0.01% to 3.7521.

The US Dollar Index Futures was up 0.16% at 99.058.

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