Market Update: Saudi Arabia Stocks

Investing.com – Saudi Arabia stocks were lower after the close on Tuesday, driven down by losses in the Retail, Hotels & Tourism, and Financial Services sectors.

At the close in Saudi Arabia, the Tadawul All Share fell 0.64%.

Top Performers

The best performers of the session on the Tadawul All Share included:
– Red Sea Housing Services Company (TADAWUL:4230): +7.53% or +2.90 points to trade at 41.40
– Allianz Saudi Fransi Cooperative Insurance Company (TADAWUL:8040): +5.54% or +0.90 points to end at 17.14
– Zamil Industrial Investment Co (TADAWUL:2240): +4.51% or +1.15 points to 26.65 in late trade.

Worst Performers

The worst performers included:
– Al Baha Investment and Development Company SJSC (TADAWUL:4130): -7.69% or -0.01 points to trade at 0.12
– Miahona Holding SCJSC (TADAWUL:2084): -4.67% or -1.55 points to end at 31.65
– Sustained Infrastructure Holding Company SJSC (TADAWUL:2190): -3.42% or -1.20 points to 33.85.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 181 to 107, with 24 unchanged.

Notable Stock Movements

• Shares in Red Sea Housing Services Company (TADAWUL:4230) rose to 52-week highs, gaining 7.53%.
• Shares in Al Baha Investment and Development Company SJSC (TADAWUL:4130) fell to 52-week lows, down 7.69%.

Commodities Update

Crude oil for October delivery decreased 1.01% to $76.64 a barrel. Other commodity movements included:
– Brent oil for November: -0.82% to $79.70
– Gold Futures for December: -0.43% to $2,544.10 per troy ounce.

Currency Exchange Rates

• EUR/SAR was unchanged at 4.19
• USD/SAR unchanged at 3.75.

The US Dollar Index Futures was up 0.01% at 100.75.