Saudi Arabia’s stock market closed lower; Tadawul All Share fell 1.22% from Investing.com

Investing.com-Saudi Arabia’s stock market fell on Thursday, and the declines in the shares and other sectors led the stock index lower.

At the close in Saudi Arabia, the index fell 1.22%.

The best performing stock on the disk was Gulf Union Cooperative Insurance (SE:), which rose 6.94% (1.48 points) and closed at 22.82. At the same time, Arab Pipelines (SE:) rose 3.26% or 0.70 points to close at 22.16; Alkhorayef Water and Power Technologies Co (SE:) rose 2.96% or 3.40 points to close at 118.40 in late trading.

The weakest stock on the disk was Al Moammar Information Systems Co CJSC (SE:), which fell 3.78% (6.20 points) and closed at 158.00. Feitai Holding Group (SE:) fell 3.72% or 1.30 points to close at 33.60, and Rabigh Refining & Chemical Co., Ltd. (SE:) fell 3.53% or 0.95 points to close at 26.00.

The number of falling stocks on the Saudi Arabian Stock Exchange exceeded the number of rising stocks from 156 to 39, of which 9 were flat.

The share price of United Gulf Cooperation Insurance (SE:) rose to a 5-year high; it rose 6.94% or 1.48 to 22.82.

The price of crude oil for delivery in August fell 0.12%, or US$0.09, to US$72.11 per barrel. In other aspects of commodity trading, Brent crude oil for September delivery fell 0.04% or $0.03 to $73.40 per barrel, while the August gold futures contract rose 0.28% or $5.05 to $1,807.15 per troy ounce.

EUR/SAR rose 0.62% to 4.4487, while USD/SAR rose 0.01% to 3.7507.

The dollar index futures fell 0.39% to 92.282.