Riyadh – Mubasher: Rabigh Refining & Petrochemical Company’s (Petro Rabigh) stock suffered a negative performance on Sunday on the Saudi Stock Exchange (Tadawul), leading losers and registering its biggest drop in two-and-a-half years.

By 11:15 am Saudi time, the refinery’s stock plunged 10% to SAR 13.05, its sharpest drop since 30 November 2014.

Sunday’s loss marks the second straight decline for the stock, and its fifth since the start of May, against four gains in the course of 10 sessions.

In the meantime, the benchmark Tadawul All Shares Index (TASI) shed 0.38%, losing 26.30 points to reach 6, 856.13 points.

On Thursday, Petro Rabigh reported widening losses by 548.7% to SAR 240 million in the first quarter of 2017, from SAR 37 million in Q1-16.