BUZZ-Saudi's SPIMACO gains after major shareholder sells about 10% stake

SPIMACO

SPIMACO

2070.SA

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** Shares of Saudi Pharmaceutical Industries and Medical Appliances Corp (SPIMACO) rise 3.1% to 30.30 riyals

** Stock on track for its best day since mid-June; benchmark index .TASI up 0.2%

** Major shareholder ACDIMA sells 9.998% stake for 326.35 mln riyals ($86.96 mln), now holds about 10.5% stake

** All three analysts covering stock rate it "hold", median PT 32.50 riyals - LSEG-compiled data

** Stock up about 16% YTD, including session's gains

($1 = 3.7530 riyals)


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