A look at Budget Saudi, Theeb, Lumi shares after almost same-level close

Shares of Tadawul-listed car rental companies United International Transportation Co. (Budget Saudi), Lumi Rental Co. and Theeb Rent a Car Co. today, Dec. 3, at almost identical price level.

 

Budget Saudi, the first of the three to list on Tadawul in August 2007, closed at SAR 77 today. The stock hit the all-time high of SAR 98.60 in August 2024, and the historical low of SAR 7.7 in October 2008.

 

Theeb also closed at SAR 77 today, logging an increase of 4%. The stock debuted on Tadawul in March 2021 at SAR 40, and touched a lifetime high of SAR 89.90 in July 2023. To date, Theeb has not moved below its debut price.

 

Lumi, meanwhile, closed at SAR 76.70 (+3%). The stock recorded a historical high at SAR 125 in March 2024. The company listed its shares in September 2023 at SAR 66, and it has stayed above the listing price so far.

 

 

 

For more details from Argaam CHARTS

 

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