NEWS BITES - MIDDLE EAST & NORTH AFRICA
Saudi Basic Industries Corp. (TASI:2010), Saudi Arabia's largest Petrochemical industries company by market cap, extended its gains on Wednesday, rising an additional 60.0 hallalah (0.6%) to close at SAR101.60. The shares have lifted SAR2.40 (2.4%) over the past two trading days, compared with the All Share Index (TASI) which rose 171.5 points (2.0%) in the two days for a relative price increase of 0.4%. Today the stock traded at its three-day high of SAR102.0.
Cumulative volume in the 2 days was 0.1 times the average 2-day volume of 10.5 million shares. There were 915,708 shares worth SAR93 million ($24.8 million) traded today.
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Saudi Basic Industries Corp. (SA:2010; SAU:2010; AB:2010)