© Archyde.com. A Saudi trader monitors the stock market at the Falcom Stock Exchange Agency in Riyadh, in a photo from Archyde.com archive.
(Archyde.com) – The stock index closed on Tuesday, down 0.9 percent to 11,096.58 points, tracking the impact of a decline.
On Tuesday, oil prices fell by more than a barrel, following a spike in COVID-19 cases in China revived fears of a drop in fuel consumption in the world’s largest crude oil importer.
Brent crude futures fell $1.07, or 1.15 percent, to $92.07 a barrel by 1005 GMT, following falling 3 percent at the settlement on Monday.
US West Texas Intermediate crude also fell $1.25, or 1.46 percent, to $84.62 a barrel, following declining 3.5 percent in the previous session.
The Saudi oil giant Aramco (TADAWUL:) fell 1.8 percent, SABIC 0.2 percent, Maaden 3.8 percent, and Pipes 1.55 percent.
Also, shares of Riyad Bank (TADAWUL:) fell 1.6 percent, Saudi Fransi 3.5 percent, and Al Ahli Bank fell two percent.
On the other hand, the shares of Al-Rajhi Bank (TADAWUL:) rose 0.5%, Petro Rabigh 1.8%, and Saudi Industrialization by 1%.
(Press coverage for the Arabic Bulletin, Ahmed Hajjaj – Editing by Mustafa Saleh)