MIS Stock Hits All-Time High of SAR 208 on Tadawul

Al Moammar Information Systems Co. (MIS) hit an all-time high of SAR 208 per share on the Saudi Exchange (Tadawul) on June 17. The stock rose 3% on the session, with roughly 90,000 shares changing hands.

Year-to-date, the stock has gained more than 15%. Over the past 12 months, it has returned about 50%.

MIS has adjusted its capital structure several times since its listing in April 2019, according to company filings. Those adjustments have helped the stock's value rise as the company expanded its paid-up capital through bonus shares and rights issues.

The all-time high caps a rally that has seen the stock outperform many Tadawul-listed peers. Trading volume of 90,000 shares was above the stock's recent average, according to data from Argaam.