Publication Date:
Thu, 2006-06-15 03:00
JEDDAH, 15 June 2006 — Shares of Saudi Paper Manufacturing Co. (SPM), which started trading yesterday on the Saudi bourse, soared by up to 225 percent.
The SPM stock, which was floated at SR62, opened at SR191 and reached as high as SR202 before closing at SR142.75, up 130.24 percent. The stock traded at a low of SR135.25.
The Tadawul All-Share Index (TASI) crossed the 12,000 mark and closed 109.78 points higher at 12,046.10 yesterday.
The stock market turnover reached SR18.49 billion. SPM was most active by value at SR1.61 billion. SPM, which is trading in the industrial sector, was 81st company to be listed on the bourse.
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