The stocks of Saudi Kayan and Riyad Bank saw negotiated deals today where a share of the company's stock were privately traded below market price.
The Saudi stock market said today 654,000 shares of Riyad Bank changed hands at a negotiated price of SAR 13 per share, while official price was SAR 14.08.
Meanwhile, investors traded 92,718 shares of Saudi Kayan for SAR 11 per share, against a market price of SAR 11.48.
A negotiated deal involves a stock purchase based on a bargain between buyers and sellers, apart from market price. The negotiated price does not impact directly on market price.
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Key Facts |
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|
Company |
Market Price (SAR) |
Negotiated Price (SAR) |
Number of shares traded |
Value (SAR mln) |
|
Saudi Kayan |
11.48 |
11.00 |
92,718 |
1.02 |
|
Riyad Bank |
14.08 |
13.00 |
654,000 |
8.50 |
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