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Sabic rebound not enough for sluggish Tadawul market

The Saudi Stock Exchange's Tasi index dipped 0.37% to 7,634.3 points on Thursday. This session marked the third consecutive day ending in the red in Riyadh. The world's biggest manufacturer Saudi Basic Industries Corp. or Sabic advanced 0.26% to reach SR95.50. Shares of Abdullah A. M. Al-Khodari Sons Company finished unchanged at SR34.40. Earlier in the day, the contracting firm said it received an award letter from the ministry of municipal and rural affairs in Riyadh for the construction of storm water drainage channels, networks and clearing in Wadi Sulai in 540 days from the date of site transfer. The project is valued at SR52.096m.