MIS Hits Highest Price Since Listing on TASI

Al Moammar Information Systems Co. (MIS) touched its highest level since its market debut on July 13, according to data compiled by Argaam. The Saudi-listed firm did not disclose a specific catalyst for the move. Trading volumes were elevated compared with the 30-day average, the data showed.

MIS provides information technology services and solutions across the Middle East. The stock has gained roughly 18% since listing, Argaam reported, though it did not specify the listing date or initial offer price.

The session's high marks a new milestone for the stock since it began trading on the Saudi Exchange's main market. No further details were available from the company or exchange at the time of writing.