Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Tuesday’s session in the red to maintain its losses for the third day in a row.
The main index shed 0.18% or 10.82 points to stand at 5,925.14 points.
The energy sector led the worst performers falling 1.56%, followed by the banks and insurance sectors which decreased 0.97% and 0.71%, respectively.
The real estate development and petrochemicals sectors were also down 0.26% and 0.13%, respectively.
On the other hand, the agriculture sector topped the best performers increasing 2.2%, followed by the telecom and retail sectors which rose 1.4% and 0.12%, respectively.
On the stock level, 102 shares levelled up, 58 levelled down and 9 remained unchanged.
Dallah Healthcare Holding Company led the losing stocks falling 4.17%, followed by the National Petrochemical Company (Petrochem) and Saudi Marketing (Farm Superstores) which decreased 3.28% and 3.10%, respectively.
Saudi United Cooperative Insurance Co. (Walaa) topped the gaining stocks rising 4.94%, followed by Filing and Packing Materials Manufacturing Company (FIPCO) and National Medical Care Company which increased 4.64% and 3.55%, respectively.
The losses of the Tadawul coinciding the decline of oil prices and the statements of the Venezuela's oil minister Eulogio del Pino during a meeting of OPEC oil ministers in Vienna.
Brent crude oil futures were trading down 47 cents or 1% at $45.48 per barrel.
Venezuela's Oil Minister Eulogio Del Pino on Monday said that global oil supply of 94 million barrels per day (bpd) needs to fall by about 10% if it is to match consumption.
