Riyadh - Mubasher: Alkhabeer Diversified Income Traded Fund recorded the highest gains and liquidity on its stock market debut on Tuesday.

By 11:15 Riyadh time, the fund’s stock surged by 21% to SAR 12.10, leading the trading activity on all levels through the exchange of 14.719 million shares via 10,931 deals at SAR 178.167 million.

Earlier this week, the Saudi Stock Exchange (Tadawul) announced the listing and trading units of the fund as a closed-ended investment traded fund on the main market with the symbol 4700 and +/- 30% daily price fluctuation limits and +/- 10% static price fluctuation limits.

These fluctuation limits will be applied during the first three days of listing, and from the fourth trading day onwards, the daily price fluctuation limits will revert to +/- 10% and the static price fluctuation limits will no longer apply.

On 30 December 2020, Alkhabeer Capital announced the successful conclusion of the initial public offering (IPO) of its Alkhabeer Diversified Income Traded Fund units.