Aramco stock performance to affect TASI as of 6th trading day

11/12/2019 Argaam

 

State-owned Saudi Aramco starts trading on the Saudi Stock Exchange (Tadawul) today, Dec. 11 with the symbol 2222, and a daily price fluctuation limit of ±10%.

 

The benchmark index will not be influenced by any rise or drop of Aramco’s shares in the first five days of trading.

 

To include Aramco in its all-share index (TASI) at the closing of the fifth trading day TASI, as this mechanism ensures a balanced price.

 

On Dec. 1, the main market updated its indices methodology for the development and management of Tadawul equity indices, Argaam reported.

 

Tadawul applied a new “fast entry” rule, under which shares of significantly massive IPOs join TASI at the close of the fifth trading day.

 

For more details about Saudi Aramco IPO

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