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Shares in Yanbu National Petrochemical Co. (Yansab) surged 4.8 percent after it reported a 39.7 percent rise in fourth-quarter net profit.Yansab, a unit of Saudi Basic Industries, which climbed 1.0 percent, made a net profit of 617.8 million riyals ($164.6 million) in the three months to Dec. 31 while analysts polled by Reuters had on average forecast 558.3 million riyals.Saudi Investment Bank climbed 6.5 percent, having reported a 14.8 percent rise in fourth-quarter profit, in line with analysts' estimates.Shares in another Kharafi firm, National Investment Co., fell by some 1.3 percent.Qatar's index edged down 0.5 percent as shares in Qatar National Bank dropped 2.1 percent after it posted a 3.3 percent rise in fourth-quarter net profit.
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