Tamkeen shares hit maximum daily limits on debut

Logo of Tamkeen Human Resource Co. (Tamkeen)

Shares of Tamkeen Human Resource Co. (Tamkeen) surged by 30%, reaching SAR 65.00 (an increase of SAR 15.00 compared to the listing price of SAR 50) in its first trading session on Wednesday.

 

A total of 5.96 million shares changed hands, at a total value of SAR 374.79 million, through 31.899 transactions.

 

Tamkeen shares debut today in the main market under the trading symbol 1835 and the international symbol SA165GP0SLH5.

 

For the first three days following the listing, daily price fluctuation limits will be set at +/- 30%, with fixed price fluctuation limits at +/- 10%. Starting from the fourth trading day, the daily price fluctuation limits will be adjusted to +/- 10%, and the fixed fluctuation limits will be removed.

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