Petro Rabigh stock slumps 9% after Q2 profit falls

08/08/2018 Argaam

 

Rabigh Refining and Petrochemical Co. (Petro Rabigh) shares on Saudi Stock Exchange (Tadawul) slumped more than 9 percent in early trade on Wednesday, after the firm reported a nearly 26 percent year-on-year decline in second quarter net profit.

 

The stock was last trading down 9.2 percent at SAR 25.55, dragging down the energy sub-index nearly 3 percent.

 

The Tadawul All Share Index (TASI), meanwhile, was marginally higher at 8,245 points.

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