RIYADH: The Saudi stock market ended the last trading session of August lower following a decline in oil prices, causing concern among investors.
The Tadawul All Share Index ended Wednesday’s trading session 1.38 percent lower at 12,283, while the parallel Nomu added 0.20 percent to 21,637.
In energy trading, Brent crude declined to $89.28 a barrel, while US West Texas Intermediate reached $96.00 a barrel, as of 3:18 p.m. Saudi time.
Saudi oil giant Aramco shed 1.7 percent, while Methanol Chemicals Co. fell 2.73 percent.
Saudi Telecom Co. gained 0.48 percent, after its shareholders approved a 150 percent capital increase to SR50 billion ($13 billion).
The Saudi National Bank, the country’s biggest lender, saw its share price decline by 0.14 percent.
Alinma Bank fell 1.55 percent, while Al Rajhi, the Kingdom’s largest valued bank, fell 0.44 percent.
The Co. for Cooperative Insurance rose 3.68 percent to lead the gainers, while Bawan Co. dropped 4.76 percent to lead the fallers.
