Petro Rabigh Company’s shares were massively traded in the first days of the company’s listing reaching an amount of SAR 10.9bn.

The previous record for the highest trading values was in January 2006 when the trading value of SABIC’s shares reached SAR 6.5bn and made another SAR 6bn in the following day (February 1st, 2006).

highest trading values in one day

Date

trade value (SAR billion)

 Company

January, 27, 2008

10.9

Petro Rabigh

January, 31, 2006

6.5

Sabic

February, 20, 2006

5.6

YANSAAB

December, 29, 2007

5.5

Dar Al Arkan

September, 5, 2005

5.0

Saudi Electricity Company

November, 22, 2004

4.5

Saudi Telecom

January, 21, 2008

4.2

Saudi Kayan Petrochemical Company
 

 

576 thousand transactions were made by the end of the first trading day beating the largest amount of transactions in one day of 490 thousand deals for Emaar EC.

Top trades within 1 day

date

Transactions (thousand)

 Company

January, 27, 2008

576

Petro Rabigh

October, 7, 2006

490

Emaar The Economic City

December, 1, 2007

441

Jabal Omar Development Company

February, 20, 2006

309

YANSAAB

November, 4, 2006

299

Red Sea Housing Services Company

January, 20, 2007

281

Advanced Petrochemical Company

June, 23, 2007

231

Saudi Kayan Petrochemical Company

November, 11, 2006

227

Sipchem
 

 

The number of shares traded reached 228.5m shares exceeding the number of shares offered for IPO (219m shares) and representing the greatest number of shares traded in one day in the Saudi Exchange Market.

Trading in terms of no. of shares traded  traded in one day

date

Trading shares (million)

Company

January, 27,2007

228.5

Petro Rabigh

June, 23, 2007

222.4

Saudi Kayan Petrochemical Company

September, 05, 2005

172.9

Saudi Electricity Company

October, 01, 2005

121.8

Anaam International Holding Group CO.

January, 20, 2007

98.1

Advanced Petrochemical Company

November, 10, 2006

83.2

Emaar The Economic City

September, 25, 2004

67.3

Bahri

July, 05, 2005

62.9
 

SAPTCO

 

 

Petro Rabigh’s shares started the trading day at SAR 43 amid heavy buy orders which led to increasing the share’s price to SAR 52.5, the highest trading price during the day.

The share’s price closed at SAR 52 at first trading day, 150% higher than the offering price (SAR 21).

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