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Yanbu and BinDawood Fall

Yanbu and BinDawood Fall

Yanbu Cement led losses in the Saudi market at Wednesday’s close, falling 3.87% to 12.9 riyals, followed by BinDawood, down 2.33% to 4.62 riyals. Yanbu Cement’s decline was attributed to pressure on profit margins, production costs and price competition, while BinDawood’s shares were weighed down by profit-taking and anticipation of third-quarter results. This came despite a 1.65% rise in the market’s main index to 10,038.89 points.

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