Tamkeen shares hit maximum daily limit on debut

12:28 PM (Mecca time) Argaam Special

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 the Main Market (TASI) today, Nov. 27.

 

A total of 5.96 million shares changed hands, at a total value of SAR 374.79 million, through 31,899 transactions.

 

Tamkeen made its TASI debut today, 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 static price fluctuation limits at +/- 10%. Starting from the fourth trading day, the daily price fluctuation limits will be adjusted to +/- 10%, while the static limits will no longer apply.

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