Yansab stock drops to 10-session low Monday

Yansab stock drops to 10-session low Monday
By 11:00 am Saudi time, the stock tumbled 1.86% to SAR 53.20
Yansab 2290 1.88% 59.51 1.10

Riyadh – Mubasher: Yanbu National Petrochemical Company’s (Yansab) stock fell to its lowest level in 10 trading sessions, following the company's announcement of its financial statements for the second quarter of 2017.

By 11:00 am Saudi time, the stock tumbled 1.86% to SAR 53.20, registering its largest losses since 3 July, while also retreating for the third consecutive session on the Saudi Stock Exchange (Tadawul).

Trading volume on Yansab's stock reached 217,600 shares exchanged through 245 transactions, generating SAR 11.47 million.

Earlier on Monday, Yansab logged a sharp drop in profits to SAR 345.7 million in Q2-17, compared to SAR 747.3 million in Q2-16, according to the company’s statement to Tadawul.

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Source: Mubasher

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