Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.30%

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At the close in Saudi Arabia, the Tadawul All Share declined 0.30%.

The best performers of the session on the Tadawul All Share were Etihad Atheeb Telecommunication (TADAWUL:7040), which rose 9.98% or 10.00 points to trade at 110.20 at the close. Meanwhile, International Company for Water and Power Projects (ACWA Power) (TADAWUL:2082) added 6.65% or 24.20 points to end at 388.00 and Saudi Steel Pipe Company (TADAWUL:1320) was up 6.15% or 4.40 points to 75.90 in late trade.

The worst performers of the session were Sahara International Petrochemical Company SJSC (TADAWUL:2310), which fell 4.72% or 1.70 points to trade at 34.35 at the close. Arab National Bank (TADAWUL:1080) declined 4.08% or 1.25 points to end at 29.35 and Saudi National Bank (TADAWUL:1180) was down 3.28% or 1.35 points to 39.85.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 161 to 134 and 14 ended unchanged.

Shares in Etihad Atheeb Telecommunication (TADAWUL:7040) rose to 5-year highs; up 9.98% or 10.00 to 110.20. Shares in International Company for Water and Power Projects (ACWA Power) (TADAWUL:2082) rose to all time highs; gaining 6.65% or 24.20 to 388.00.

Crude oil for May delivery was up 0.51% or 0.43 to $85.45 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 0.46% or 0.41 to hit $90.15 a barrel, while the June Gold Futures contract fell 0.53% or 12.50 to trade at $2,360.20 a troy ounce.

EUR/SAR was down 0.83% to 3.99, while USD/SAR unchanged 0.01% to 3.75.

The US Dollar Index Futures was up 0.72% at 105.82.