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Crude behavior: SABIC profits plummet, stocks surge

2015-04-20 19:10:17| Chemicals - Topix.net

Saudi Basic Industries Corp. , the world's biggest petrochemicals manufacturer by sales, surged the most in almost five years after first-quarter profit beat estimates. The shares soared 9.8 percent, the most since May 2010, to SR95.75 at 12:22 p.m. in Riyadh.

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