Dar Albalad extends gains in 2nd session on TASI

Dar Albalad started trading on TASI on May 20

Dar Albalad for Business Solutions Co.’s shares continued their gains during their second session on the Main Market (TASI), trading between SAR 12.62 and SAR 14.12, bringing its gains to around 45% compared to the listing price of SAR 9.75.

The stock recorded trading of around 22 million shares, with a value exceeding SAR 300 million, executed through more than 24,000 trades within two hours of the opening.

The stock recorded trading of around 16 million shares, with a value exceeding SAR 200 million, executed through more than 17,000 trades within one hour of the opening.

Dar Albalad started trading on TASI on May 20, under the symbol 7205 and ISIN code SA76IG4JGIH1, at SAR 9.75 per share.

The stock will trade in the first three days with daily and static price fluctuation limits of ±30% and ±10%, respectively. From the fourth trading day onwards, the daily price fluctuation limits will revert to ±10%, while the static price limits will no longer apply.

The company offered 21 million shares in its IPO, representing 30% of its SAR 70 million capital, divided into 70 million shares with a nominal value of SAR 1 per share.