Yansab, also known as Yanbu National Petrochemical Co, rose 5.1 percent, reaching its highest level since May 3.
It reported a quarterly profit of SR963.67m ($257m), up from SR502.38m a year earlier due to higher product prices and sales.
Monday 11 July 2011
Banks, Industries Qatar lift Doha; Abu Dhabi up - ArabianBusiness.com
Saudi Arabia's Yansab hit a two-month high after the petrochemicals producer's second-quarter profit nearly doubles to beat estimates.
Yansab, also known as Yanbu National Petrochemical Co, rose 5.1 percent, reaching its highest level since May 3.
It reported a quarterly profit of SR963.67m ($257m), up from SR502.38m a year earlier due to higher product prices and sales.
Yansab, also known as Yanbu National Petrochemical Co, rose 5.1 percent, reaching its highest level since May 3.
It reported a quarterly profit of SR963.67m ($257m), up from SR502.38m a year earlier due to higher product prices and sales.
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