Shares in Kingdom Holding jump 6.2%

Shares in Kingdom Holding jump 6.2%
Company said on Friday it had traded 90 percent of its shares in Euro Disney into Walt Disney Co stock (Picture source: www.thewaltdisneycompany.com)
Published: 12 February 2017 - 8 a.m.
By: Reuters

Shares in Kingdom Holding jump 6.2 percent to 11.90 riyal.

Company said on Friday it had traded 90 percent of its shares in Euro Disney into Walt Disney Co stock, gaining a net profit of $61 million through the deal

Trading volume in stock has already hit 505.4 million shares after 20 minutes of trade, above the daily average over of around 350 million shares.

Saudi Arabia's index edges up 0.8 percent.


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