Riyadh – Mubasher: Saudi Stock Exchange (Tadawul)-listed Al Jouf Agricultural Development Company’s (JADCO) on Sunday surged 9.94% to SAR 29.20, registering its highest level in ten years or since 10 August 2007 by 2:20 pm KSA time.
The rise has boosted the stock to achieve its highest level since September 2017.
JADCO’s stock saw trading of 2.32 million shares, through 1,600 transactions, with a liquidity of SAR 66.5 million.
In the meantime, the benchmark Tadawul All Share Index (TASI) declined 0.35%, or 25 points, to 7,184.5 points.
JADCO’s profits retreated 65.12% to SAR 11.47 million in the third quarter of 2017, from SAR 32.89 million in Q3-16.
