By Mohammed Abu Meleeh
Riyadh-Mubasher: The free float of Saudi Research and Marketing Group (SRMG) dropped to 35.8% at the end of the fourth quarter of 2015, compared with 65.7% in the previous quarter, showed data compiled by Mubasher.
Despite the fall, the stock's weight on the media and publishing sector rose from 41.7% in Q3-15 to 58% at the end of 2015, as the stock rocketed 349.6% during the fourth quarter.
Meanwhile, Printing and Packaging stock climbed 80.7%, but its weight on the sector declined to 25.5% at the end of 2015 from 26% in Q3.
Tihama stock slipped 15.9%, and thus its weight on the sector declined to 15.9% from 32.8%.
SRMG witnessed some put-through trades in November, through which 48.6 million shares were exchanged at a total turnover of SAR 1.7 billion.
Translated by Abdul Maguid Aboshahla
