Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,387.60 +52.30 0.34%
S&P 500 1,669.16 +2.87 0.17%
Nasdaq 3,502.12 +5.69 0.16%
Ticker Volume Price Price Delta
STOXX 50 2,821.65 -2.85 -0.10%
FTSE 100 6,803.87 +48.24 0.71%
DAX 8,472.20 +16.37 0.19%
Ticker Volume Price Price Delta
Nikkei 15,530.70 +149.71 0.97%
Hang Seng 23,366.40 -126.66 -0.54%
S&P/ASX 200 5,180.20 +0.14 0.00%

Etihad Atheeb Surges 10 Percent After Stock Resumes Trading

Etihad Atheeb Telecom Co. (EAT) rose 10 percent, or the maximum fluctuation allowed in a trading session, as the Saudi phone company resumed trading after a 10- month suspension.

The shares advanced to 13.60 riyals at 11:01 a.m. in Riyadh. The price of the stock was amended to 12.40 riyals after shareholders approved a plan on Aug. 6 to lower the capital of the Riyadh-based company and on Jan. 14 to raise it, the Saudi Stock Exchange said in a statement on March 21.

The Saudi markets regulator suspended trading in Atheeb’s shares from May 25, 2011 after the company reported a wider loss for the fiscal year ended March 31, 2011.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Sponsored Link