Americana sees active, high-volume trading on Tadawul, ADX

Logo of Americana Restaurants International

Shares of Americana Restaurants International rose 2% to SAR 2.74 a share, on their first day on the Saudi Exchange (Tadawul), compared to the listing price of SAR 2.68 a share.

Nearly 513 million shares were exchanged through more than 85,100 transactions, at a total value of SAR 1.41 billion.

The stock closed 7% higher at AED 2.82 per share on Abu Dhabi Securities Exchange (ADX), compared to the offer price of AED 2.62.

Approximately 307.3 million shares changed hands, at a total value of AED 872.17 million.

Americana shares started trading on Tadawul today, Dec. 12, with the symbol 6015 and ISIN Code: AEE01135A222.  

The concurrent and dual listing in Saudi Arabia and the UAE is the first for Tadawul, which earlier accepted only Saudi companies.

The daily price fluctuation limits will not apply to the company's shares during the first three days of listing, while the +/-10% static price fluctuation limits will apply.   

From the fourth trading day onwards, the daily price fluctuation limits of -/+10% will apply, with no static price fluctuation limits.