Tadawul Sees 3 Negotiated Deals Worth SAR 31M on Sunday

The Saudi Exchange (Tadawul) saw three negotiated deals worth SAR 31 million on Sunday, July 7.

The largest single transaction involved Electrical Industries Co., where 1.2 million shares changed hands at SAR 15.50 per share, totaling SAR 18.6 million. That price matched the stock's closing level on the previous session.

A second deal on Saudi Paper Manufacturing Co. covered 500,000 shares at SAR 22.00 each, worth SAR 11 million. The third, on Al-Baha Investment and Development Co., moved 1.5 million shares at SAR 0.96 apiece, for SAR 1.44 million.

Negotiated deals are block trades arranged directly between buyers and sellers outside the regular order book. They do not affect the stock's closing price or the daily trading range. Tadawul reports them separately from normal session volume.

Sunday's combined SAR 31 million is modest by recent standards. The exchange has seen larger single-deal days this year, including a SAR 120 million block on Saudi Telecom Co. in March. Today's activity suggests institutional repositioning in mid-cap names rather than a broad shift in sector allocation.

Electrical Industries, which manufactures electrical switchgear and transformers, has traded in a tight range this quarter. Saudi Paper Manufacturing has been under pressure from rising input costs. Al-Baha Investment, a diversified holding company, remains near its 52-week low.

No further negotiated deals were reported after the Sunday session close. Tadawul will publish the next batch of block trade data at the end of Monday's trading.