Jahez closes at SAR 939.80 with trading volume of 434,000 shares

Logo of Jahez International Company for Information Systems Technology

Shares of Jahez International Company for Information Systems Technology surged by 11.4% to a record of SAR 947, compared to the listing price of SAR 850, on its debut today, Jan. 5, on the Nomu Parallel Market.

The stock closed at SAR 939.80, +SAR 89.80 compared to the listing price.

A total of 434,300 shares were exchanged through 7,534 transactions, at a total value of SAR 393.82 million.

Jahez began trading on Nomu Parallel Market, with the symbol 9526 and ISIN Code SA15ED94KR18. The stock will have a daily price fluctuation limit of 30% and static fluctuation limits of +/-10%.

On Sept. 29, 2021, the Capital Market Authority (CMA) approved an application from Jahez to offer 1.36 million shares, or 13% of its capital.