Investors in the Saudi stock market Tadawul witnessed the execution of 22 private deals on Thursday, with a total value of SR391 million. Most of these deals were related to Saudi local banks, with Alinma Bank recording the highest executed value of SR132 million distributed over six deals with about 4 million shares executed at a price of SR32.25. Al-Awwal Bank concluded two deals with about 1.5 million shares at a price of SR36.4, bringing their total value to SR100 million. Al-Ahli (SNB) recorded two deals worth SR55 million with about 1.5 million shares executed at a price of SR36.75. Banque Saudi Fransi (BSF) executed the lowest value among banks at about SR3.5 million with a deal on 100,000 shares at a price of SR35.25. STC shares also concluded a private deal with about 741,000 shares at a price of SR39.85, worth SR29 million, while Ataa executed five deals with about 347,000 shares worth SR25 million. Special deals were also made on the shares of Marafiq, Lumi, Buruj Insurance, Adis, and Al-Mutaqaddama, totaling SR45 million.
Special deals on shares are trading deals between the buyer and the seller outside the registered bids that do not affect the trading price but are counted within the deals and the quantity and value of the share’s trading. These deals are made at a price and quantity agreed upon in advance within the limits of the security’s volatility. These trades must meet the requirements set by the Saudi Stock Exchange, including that they are not for the purpose of mortgage, guarantee, or restriction. Meanwhile, the Saudi Stock Exchange main index TASI ended trading higher on Thursday, gaining 6.99 points to close at 12,194.43 points. The total value of trading reported was SR7.5 billion. The Saudi Parallel Market Index (NOMU) ended the day by gaining 618.03 points to close at 26,578.37, valued at SR224 million. The total number of shares traded was 3 million.
Investing in the Saudi stock market has become increasingly popular among investors looking for opportunities in a dynamic and growing market. The recent private deals conducted on Tadawul, with a total value of SR391 million, highlight the active trading environment in the Saudi market. Most of these deals were related to local banks, with Alinma Bank, Al-Awwal Bank, and Al-Ahli (SNB) being among the key players involved in the transactions. Banque Saudi Fransi (BSF), STC shares, and Ataa also participated in these private deals, indicating a diverse range of investment opportunities available in the market.
Special deals on shares offer investors a unique opportunity to engage in trading outside the traditional bidding process, allowing for flexibility and customization in their investment strategies. These deals do not impact the trading price but contribute to the overall volume and value of the share’s trading activity. By meeting the requirements set by the Saudi Stock Exchange, investors can engage in special deals with confidence, knowing that they are compliant with industry regulations. This creates a transparent and efficient trading environment that fosters growth and stability in the market.
The positive performance of the Saudi Stock Exchange on Thursday, with the main index TASI gaining 6.99 points to close at 12,194.43 points, reflects the resilience and strength of the market. With a total trading value of SR7.5 billion reported on that day, investor confidence in the Saudi market remains high. The Saudi Parallel Market Index (NOMU) also showed gains, closing at 26,578.37, with a total value of SR224 million. The significant number of shares traded, totaling 3 million, indicates the active participation of investors in the market.
As investors continue to seek opportunities in the Saudi stock market, the execution of private deals on Tadawul serves as a testament to the diverse investment options available in the market. By engaging in special deals with local banks and other key players, investors can capitalize on unique trading opportunities that contribute to the overall growth and development of the market. With a focus on compliance and transparency, the Saudi Stock Exchange offers a secure and efficient platform for investors to explore and profit from the dynamic market conditions.
