Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.48% By Investing.com

Investing.com – 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 declined 0.48%.

The best performers of the session on the were Astra Industrial Group (SE:), which rose 8.62% or 3.80 points to trade at 47.90 at the close. Meanwhile, BURUJ COOPERATIVE INSURANCE CO (SE:) added 6.97% or 1.54 points to end at 23.64 and SABB Takaful (SE:) was up 5.50% or 1.12 points to 21.50 in late trade.

The worst performers of the session were Allied Cooperative Insurance Group SJSC (SE:), which fell 5.24% or 1.00 points to trade at 18.10 at the close. Bindawood Holding Co (SE:) declined 4.40% or 4.40 points to end at 95.50 and Dar Alarkan Real Estate Development (SE:) was down 3.97% or 0.46 points to 11.14.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 119 to 103 and 16 ended unchanged.

Shares in Allied Cooperative Insurance Group SJSC (SE:) fell to 52-week lows; down 5.24% or 1.00 to 18.10.

Crude oil for May delivery was up 3.92% or 4.09 to $108.33 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 3.83% or 4.12 to hit $111.83 a barrel, while the April Gold Futures contract rose 0.85% or 16.30 to trade at $1,928.50 a troy ounce.

EUR/SAR was up 0.59% to 4.18, while USD/SAR unchanged 0.02% to 3.75.

The US Dollar Index Futures was down 0.58% at 97.87.