Riyadh- Mubasher: Dar Al Arkan for Real Estate Development achieved on Monday its sixth leap in a row, with 32% gains over the past six sessions. This positive performance followed the announcement of the negotiations with the Saudi Ministry of Housing.
During Monday’s session, the stock levelled up 2% to SAR 6.55, with 47.2 million shares traded through 4,270 deals posting SAR 309.57 million liquidity.
The company announced on 8 June that it has started negotiations with the housing ministry over a cooperation agreement to provide residential units for citizens, as part of the National Transformation Programme 2020 (NTP).
On 8 June session, Dar Al Arkan stock jumped 9.4% to SAR 5.95, as 64 million shares were exchanged at a value of SAR 375 million; the highest trading activity.
The six sessions’ trading volume totalled 391.5 million shares worth SAR 2.36 billion through 34,130 deals. The average trading volume of each session reached 65 million shares with a value of SAR 393.85 million.
