Stocks of MEPCO, Tawuniya, Sahara saw 35 negotiated deals

15/03/2018 Argaam

 

The Middle East Paper Co. (MEPCO) saw 34 negotiated deals on its stock today, where 1.5 percent share of the company's capital was privately traded below market price.

 

The Saudi stock market said today 2.4 million shares of MEPCO changed hands at a negotiated price of SAR 23 per share against an official price of SAR 24.48.

 

The Company for Cooperative Insurance (Tawuniya) also saw two negotiated deals on its stock, where 660,000 shares changed hands at a negotiated price of SAR 70.10 per share against an official price of SAR 67.70.

 

Meanwhile, over 1.2 million shares of Sahara Petrochemical Co. saw a negotiated deal at SAR 16.40 per share.

 

A negotiated deal involves a stock purchase based on a bargain between buyers and sellers, apart from market price. The negotiated price does not impact directly on market price.

 

Key Facts

Company

Market Price

(SAR)

Negotiated Price (SAR)

Shares Traded

Value

(SAR mln)

Sahara

17.02

16.40

1,215,000

19.93

Tawuniya

67.70

70.10

419,341

29.40

240,659

16.87

MEPCO

25.15

24.48

65,217

1.50

43,480

1.00

152,174

3.50

52,174

1.20

173,913

4.00

261,165

6.01

60,870

1.40

56,522

1.30

130,435

3.00

43,480

1.00

65,217

1.50

43,480

1.00

43,480

1.00

130,435

3.00

43,480

1.00

43,480

1.00

43,480

1.00

43,480

1.00

87,874

2.02

43,480

1.00

43,480

1.00

77,025

1.77

65,217

1.50

95,652

2.20

56,522

1.30

43,480

1.00

43,480

1.00

86,957

2.00

86,957

2.00

65,217

1.50

65,217

1.50

43,480

1.00

 

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