The shares of the advanced display company Tobi recorded a significant increase during trading on Thursday, during which it was able to lead the stocks that rose the most.
By 2 o’clock Riyadh time, the stock recorded gains amounting to 9.9% to the level of 27.30 riyals, gaining about 2.46 riyals, reaching the level of 27.30 riyals, which is the highest level the stock has reached since listing in November 2022.
The market witnessed trading in more than 7.03 million shares, with a value of 187.05 million riyals, reaching the highest levels of liquidity since the first day of listing.
Today's stock gains come after announcing the signing of an open framework agreement to provide administrative, strategic, technical and legal consulting services for the benefit of the Ministry of Investment.
The company explained, in a statement on Tadawul, today, Thursday, that the duration of the agreement is 4 years, with a value of 500 million riyals annually.
Meanwhile, the general market index, TASI, recorded a slight decline of 0.03%, to the level of 12,133.67 points, losing about 0.68 points of its value, after trading more than 367.03 million shares, with a value of 6.4 billion riyals, distributed over 443.75 thousand transactions.
The company explained, in a statement on Tadawul, today, Thursday, that the duration of the agreement is 4 years, with a value of 500 million riyals annually.
She pointed out that the financial impact will appear when purchase orders are approved.
