Tadawul sees over 200,000 transactions worth SAR 6 bln in first hour of trading

Tadawul trading screen

Saudi Stock Exchange (Tadawul) witnessed more than 200,000 transactions on listed shares in the first hour of trading today, Feb. 24, 2021.

In the first hour, over 222,000 transactions were executed on about 190 million shares with a total value of about SAR 6 billion – possibly the highest in the market history - as no data is available on the number of transactions executed on Tadawul before 2007.

The benchmark Tadawul All Share Index (TASI) saw heavy buying in the first 20 minutes of trading, as the index managed to break above the 9,200-point level, at 9,217 points, before witnessing profit-taking amid large selling, as the index fell to 9,079 points.

The number of deals implemented reached 658,000 on Sept. 14, 2020, the highest level since 2006, according to data available from Tadawul, excluding new listings’ sessions.

Saudi Arabia Refineries Co.’s (SARCO) shares topped the traded volumes with 8,500 deals, followed by Raydan Food Co. with more than 7,000 deals.