JEDDAH — Saudi Arabia stocks were lower after the close on Wednesday, as losses in the Insurance, Hotels & Tourism and Media & Publishing sectors led shares lower. At the close in Saudi Arabia, the Tadawul All Share declined 0.01%. The best performers of the session on the Tadawul All Share were Saudi Automotive Services Co., which rose 4.66% or 1.46 points to trade at 32.80 at the close. Meanwhile, Malath Cooperative Insurance Co added 4.36% or 1.44 points to end at 34.50 and Al-Ahsa Development Co. was up 3.43% or 0.56 points to 16.90 in late trade. The worst performers of the session were Allied Cooperative Insurance Group, which fell 6.02% or 1.91 points to trade at 29.80 at the close. Saudi United Cooperative Insurance declined 5.48% or 0.94 points to end at 16.20 and The Mediterranean&Gulf Insurance Co (SE:8030) was down 5.01% or 2.48 points to 47.00. Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 101 to 63. Shares in Saudi Automotive Services Co. rose to 5-year highs; up 4.66% or 1.46 to 32.80. Crude oil for August delivery was up 1.79% or 1.08 to $61.53 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August rose 1.80% or 1.15 to hit $64.84 a barrel, while the August Gold contract fell 0.27% or 3.20 to trade at $1177.70 a troy ounce. — SG
