Nasdaq Dubai Trades Saudi Equity Futures

The Nasdaq Dubai Stock Exchange Announced On 9 January The Start Of Futures Trading In The Value Of Shares In 12 Firms Listed On The Saudi Stock Exchange (Tadawul). The Firms Include A Number Of Saudi Energy Firms And Banks: Aramco/Sumitomo Refining And Petchems Joint Venture Petro Rabigh; Saudi Electricity Company (Sec); Petchems Producer Saudi Kayan; Al Rajhi Bank; And Alinma Bank.

Nasdaq Dubai Says The Futures Contract Is Designed For Hedging Investment Positions, Profiting From Predictions Of Market Movements And Maximizing The Outcome Of Trades. Nasdaq Dubai Announced Its Plan To Launch Futures Trading On Saudi-Listed Equities In May 2018. Trading Is In Saudi Riyals. Nasdaq Dubai Chief Executive Hamed Ali Says The Futures Trades “Provide Investors With Effective New Ways To Gain Exposure To Saudi Arabia’s Leading Companies.” Tadawul Is The Region’s Largest Stock Exchange, But Has Historically Been The Most Impenetrable. While Riyadh Is Looking To Open Tadawul Further, Nasdaq Dubai Is Setting The Pace In Regional Futures Trading ( MEES, 14 October 2016 ). (CONTINUED - 164 WORDS)