Tadawul sees 17 negotiated deals worth SAR 777.3 mln

Tadawul trading screen

The Saudi Exchange (Tadawul) witnessed 17 negotiated deals today, June 8, on Astra Industrial Group, Dar Al Arkan Real Estate Development Co., Saudi Aramco, Alinma Bank and Makkah Construction and Development Co., at a total value of SAR 777.3 million. 

As many as 11 deals were executed on nearly 9.8 million shares of Makkah Construction at a total value of 618.7 million. This represented approximately 6% of the company’s capital of 164.8 million shares. 

Another two deals, totaling SAR 70.7 million, were carried out on almost 938,500 of Astra’s shares. This represented about 1.2% of the company’s 80 million shares. 

A negotiated deal involves a stock purchase based on a bargain between buyers and sellers, apart from the market price. The negotiated deal shall be conducted under the controls of Tadawul and Capital Market relevant laws and regulations.

The negotiated deal does not directly impact the last deal price, highest/lowest stock price, opening/closing price, or market/sectors indices.