Naqi stock gains 26% to SAR 86.9 on debut as 10 mln shares traded

Naqi Water’s production line

Naqi Water Co.’s stock gained 26%, or SAR 17.90, to close at SAR 86.90 on the Saudi Exchange (Tadawul) on debut today, Aug. 15, compared to a listing price of SAR 69.

During the trading session, the stock touched SAR 89.70 per share.

The stock witnessed active trading of about 10 million shares through more than 48,600 transactions, at a value exceeding SAR 840 million.

Naqi shares began trading on Tadawul today under the food and beverages industry group with symbol 2282 and ISIN code SA15JH2H3L19.

The daily and static price fluctuation limits of ±30% and ±10%, respectively, will be applied during the first three days of the listing.

From the fourth trading day onwards, the daily price fluctuation limits will revert to ±10% and the static price fluctuation limits will no longer apply.