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Saudi Stock Exchange sheds another 0.92 percent

The Tadawul All-Share Index closed 0.92% lower at 6,683.34 points Monday. The third consecutive decline was broad as 19 shares advanced, while 125 declined. After a fulminant listing debut on Sunday, insurance firm Alinma Tokio Marine Co. posted the second largest loss (off 8.40% at SR71) on profit takings. Globally, markets took a hit on seemingly never-ending concerns over the Euro zone debt crisis and a fears of a hard economic landing in China. Saudi Enaya Cooperative Insurance Company gained the most, finishing 9.84% higher at SR67. Three trading days ahead of the end of the first half-year of 2012, the Saudi year-to-date profit stands at 4.14%. This is the second best performance in the GCC behind the Dubai Financial Market.