Saudi Arabia Stock Market Update

Investing.com – Saudi Arabia's stock market declined after the close on Wednesday, mainly due to losses in the Energy & Utilities, Hotels & Tourism, and Agriculture & Food sectors.

At the close, the Tadawul All Share fell by 0.36%.

Best Performers

1. Etihad Atheeb Telecommunication (TADAWUL:7040): +6.18% (up 6.80 points to 116.80)
2. Red Sea Housing Services Company (TADAWUL:4230): +4.98% (up 3.60 points to 75.90)
3. MBC Group CJSC (TADAWUL:4072): +4.57% (up 1.85 points to 42.35)

Worst Performers

1. Saudi Industrial Export Co (TADAWUL:4140): -7.12% (down 0.19 points to 2.48)
2. Nahdi Medical Co (TADAWUL:4164): -3.86% (down 5.00 points to 124.40)
3. Al Baha Investment and Development Company SJSC (TADAWUL:4130): -3.85% (down 0.01 points to 0.25)

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 166 to 131, with 26 unchanged.

Shares in Red Sea Housing Services Company reached 5-year highs, while Nahdi Medical Co hit all-time lows.

Commodities Update

• Crude Oil (December delivery): +2.02% (up 1.36 to $68.57 a barrel)
• Brent Oil (January delivery): +1.99% (up 1.41 to $72.14 a barrel)
• Gold Futures (December): +0.46% (up 12.85 to $2,793.95 a troy ounce)

Currency Update

• EUR/SAR: Unchanged at 4.06
• USD/SAR: Unchanged at 3.76
• US Dollar Index Futures: +0.10% at 104.29.