Modern Mills jumps 30% in debut session on TASI

Logo of Modern Mills Co.

Modern Mills Co.’s stock rose by 30% today, March 27, to reach SAR 62.4, an increase of SAR 14.4 from the listing price of SAR 48. The stock’s par value is SAR 1.

The trading volume reached around 827,000 shares during the stock’s debut session, valued at SAR 51.5 million and executed through approximately 4,800 transactions.

Tadawul witnessed today the listing and start of trading of Modern Mills’ stock on the main market (TASI), under the food products sector, with the symbol 2284 and ISIN Code SA1610O13M15.

The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively.

These limits will apply during the first three days of listing. From the fourth trading day onwards, the daily price fluctuation limits will revert to ±10%, while the static price fluctuation limits will no longer apply.