Saudi White Cement surges limit-up to SAR 24, buy orders exceed 11 mln shares

02/09/2020 Argaam


Saudi White Cement Co. skyrocketed 20% on the first day of trading on Nomu Parallel Market, reaching SAR 24, a rise of SAR 4 when compared to the benchmark price.

 

A total of 139 shares were traded in one transaction at SAR 3,300.

 

Buy orders were placed on 11.1 million shares at SAR 24 each, with zero sell orders.

 

White Cement is the first direct listing on Nomu. The benchmark price was set at SAR 20.

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