United International shares hit maximum daily limit on debut

03/12/2024 Argaam Special
Logo ofUnited International Holding Co.

Logo of United International Holding Co.

Shares of United International Holding Co. surged 30% to SAR 171.60—an increase of SAR 39.60 from the listing price of SAR 132—on its first trading session on the Main Market (TASI) today, Dec. 3.

 

A total of 620,460 shares changed hands, with a total value of SAR 106.45 million, through 1,859 transactions.

 

United International made its TASI debut today, under the trading symbol 4083 and ISIN code SA165I21VPH1.

 

For the first three days of listing, the stock will trade with daily and static price fluctuation limits of +/- 30% and +/- 10%, respectively.

 

Starting from the fourth trading day, the daily price fluctuation limits will be adjusted to +/- 10%, while the static limits will no longer apply.

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