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Petro Rabigh’s stock hits highest since 2014

Petro Rabigh’s stock hits highest since 2014
Petro Rabigh’s net profits soared 254.14% to SAR 641 million in the fourth quarter of 2017.
PETRO RABIGH
2380
-24.25% 7.56 -2.42

Riyadh – Mubasher: Rabigh Refining and Petrochemical’s (Petro Rabigh) stock jumped 9.94% to SAR 22.02, registering its highest growth since 2014 by 2:30 pm KSA time on Monday on the Saudi Stock Exchange (Tadawul).

The stock also touched its highest level since August 2015, as well as it saw trading of 13.12 million shares, through 5,700 transactions, with a liquidity of SAR 282.18 million.

In the meantime, the main Tadawul All Share Index (TASI) declined 3.9% or 29.44 points to 7,578.89 points.

Earlier on Monday, Petro Rabigh stated that its net profits soared 254.14% to SAR 641 million in the fourth quarter of 2017, compared to SAR 181 million in the year-ago period.