Saudi bourse extends losses on profit taking

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Saudi bourse extends losses on profit taking
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Saudi Arabia's stock market ended lower on Sunday, extending losses for a second session as investors continued to take profits.

The Saudi bourse extended losses as traders moved to secure their gains after the recent rebound, Daniel Takieddine, CEO MENA BDSwiss.

"However, the price corrections could be limited if oil prices continue to rise.", ending the week at multi-year highs as Russia's invasion of Ukraine intensified and oil buyers shunned barrels from the world's second-largest exporter of crude.

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