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Saudi Arabia Refineries top Tadawul exchange

18 July 2010

Riyadh saw its Tadawul exchanged weakening by 0.27% as the main index closed at 6,117.21 points. Shares of Saudi Arabia Refineries Company ended up 2.78% at SR37.00, slightly recovering from ist free fall in May when shares lost 27% within a few weeks. As in the UAE, building and construction shares performed weaker. Quassim Cement extended its losses from Saturday and dipped 4.29% to SR67.00, as the firm reported a second-quarter profit decline to SR135.8m from SR148.2m a year earlier due to "lower prices and falling demand".

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