Adjustments in Saudi Stock Market Small-Cap Index, Highlighting 6 Stocks of Interest
The “MSCI” foundation has announced new adjustments to its global small-cap stock index, impacting six Saudi companies.
These changes are set to take effect on February 29th.
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Shares of “Lomar for Leasing,” “National Manufacturing Company,” “Saudi Reinsurance Company,” and “Saudi Steel Pipes Company” have been added to the index,
while shares of “Riyadh Cables Group” and “Saudi Fisheries Company” have been excluded.
The spotlight is on “Lomar for Leasing” as its shares witnessed an impressive 82% increase since its debut in September.
Despite initial intense trading, the stock price experienced a decline,
reaching an average of 719.85 thousand Saudi Riyals over a 20-day period.
Concerning the “National Manufacturing Company,” its shares have seen substantial trading with an average of around 4.8 million Riyals over a 20-day period.
The stock price has remained stable at 12.3 Riyals since the beginning of the year.
The “Saudi Reinsurance Company” has seen a 22.2% increase in its shares since the start of the year,
accompanied by intensive trading.
The 20-day average trading volume reached 820.4 thousand Riyals.
Finally, the “Saudi Steel Pipes Company” maintained stable trading density,
with its shares trading in a range of 5 Riyals since the beginning of the year.
These developments make these stocks a focal point for investors in the Saudi stock market,
indicating the potential for future gains.
Adjustments in Saudi Stock Market Small-Cap Index