Saudi Arabia’s benchmark Tadawul All Share index declined 0.80% at Wednesday’s close, weighed by losses in the insurance, retail and telecoms & IT sectors.
Advancing issues trailed decliners by a margin of 234 to 86 on the Saudi exchange, with 21 stocks unchanged. The broad retreat contrasted with gains in industrial names, which included Arabian Pipes Company, up 5.10% at 5.56, and East Pipes Integrated Company for Industry, which added 4.75% to 205.20.
Among the laggards, Dar Alarkan Real Estate Development fell 5.07% to 19.47, while Saudi Azm for Communication and Information Technology dropped 4.23% to 26.74. Saudi Printing & Packaging Company declined 3.52% to 7.95.
Oil markets showed mixed signals as October West Texas Intermediate crude futures slipped 0.69% to $89.60 per barrel, while November Brent crude fell 0.37% to $94.30. December gold futures declined 0.34% to $4,381.34 per troy ounce.
Foreign exchange benchmarks were little changed, with the euro at 4.35 against the Saudi riyal and the dollar at 3.76, both essentially flat. The U.S. Dollar Index futures rose 0.09% to 99.73.
