Saudi Arabian shares ended lower on Wednesday, with the Tadawul All Share Index declining 0.80% at the close in Riyadh.
Declining stocks outnumbered advancers by 234 to 86, with 21 issues unchanged. Losses were led by the insurance, retail and telecommunications and IT sectors, while industrial names provided limited support.
Among the top gainers, Arabian Pipe rose 5.10% to 5.56, East Pipes Integrated Company for Industry added 4.75% to 205.20 and Taibah advanced 3.91% to 19.66. On the downside, Dar al arkan fell 5.07% to 19.47, Saudi Azm for Communication and Information Technology declined 4.23% to 26.74 and Sppc decreased 3.52% to 7.95.
Commodity markets saw modest declines, with October crude oil futures down 0.61% at $89.67 per barrel and November Brent crude down 0.32% at $94.35 per barrel. December gold futures fell 0.39% to $4,379.05 per troy ounce.
Foreign exchange movements were minimal, with the EUR/SAR pair flat at 4.35 and the USD/SAR pair unchanged at 3.76. The US Dollar Index futures slipped 0.10% to 99.74.
