Title: Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.48%

Dec 09, 2021 09:15AM ET

By: AnalysisWatch

Saudi Arabian stocks were lower after the close on Thursday, as losses in the cement, telecom and IT sectors, as well as in the retail sector, led shares lower.

At the close in Saudi Arabia, the Tadawul All Share lost 0.48%.

National Metal Manufacturing Co was the best performer on the Tadawul All Share, rising 10.00% or 2.65 points to close at 29.15. Meanwhile, Development Works Food Co gained 9.97% or 22.80 points to close at 251.60 and Sadr Logistics Co rose 9.95% or 11.40 points to 126.00 in late trade.

Halwani Bros was the worst performer, falling 3.59% or 3.30 points to close at 88.70 at the close of trade. Sahara International Petrochemical Company SJSC fell 3.10% or 1.30 points to close at 40.60, while Baazeem Trading Co fell 3.00% or 3.60 points to close at 116.60.

On the Saudi Arabian bourse, falling stocks outweighed rising ones by 125 to 81, and 14 closed unchanged.

Shares of Development Works Food Co. rose 9.97 per cent, or 22.80, to 251.60, hitting an all-time high. Shares of Sadr Logistics Co. rose 9.95 per cent or 11.40 to 126.00, hitting a three-year high.

The price of crude oil for delivery in January fell 0.90 per cent, or 0.65, to $71.71 a barrel. Elsewhere in commodity trading, Brent oil for delivery in February fell 0.92% or 0.70 to $75.12 a barrel, while the February gold futures contract fell 0.51% or 9.15 to settle at $1,776.35 a troy ounce.

EUR/SAR fell 0.27% to 4.2428, while USD/SAR rose 0.00% to 3.7514.

US dollar index futures rose 0.27% to 96.138.

At the close of trading, Saudi Arabian stocks were in the red; the Tadawul All Share fell 0.48%.