NASDAQ Dubai Launches Saudi Equity Futures
- Investor will be able to trade equity futures in some of the country's largest industries
NASDAQ Dubai, a Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term in the United Arab Emirates (UAE), announced today that it will be launching Saudi Arabian futures, allowing investors to tap into the Saudi market. The Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term will be providing equity futures in leading companies already listed in Saudi Arabia.
NASDAQ Dubai’s announcement will come as welcome news to investors looking to get a foothold in the emerging Saudi market. The country is going through a period of economic diversification as its leaders try to open up the country to foreign investors and reduce its continuing reliance on oil exports.
The Saudi Stock Exchange’s index, the Tadawul All-Share Index, has reflected this growing investor interest. In 2018 thus far, the index has increased by ten percent, with traded value on the exchange reaching SAR 399 billion ($106 billion), up 11 percent from the same period last year.
Old companies - new futures
The futures that NASDAQ Dubai will offer will be on companies competing in some of Saudi Arabia’s largest industries. Although NASDAQ Dubai did not name names, they stated that futures can be traded in companies dealing in petrochemicals, real estate, transport, and banking.
Commenting on the move to launch Saudi futures, Hamed Ali, Chief Executive of Nasdaq Dubai, said: “The framework that we have built for trading and clearing Saudi futures is based on intensive consultations with regional and international market participants including brokers and potential investors. We are delighted to provide investors with an exciting new route to gain exposure to the kingdom’s dynamic and rapidly expanding equity markets.”
The move to launch Saudi futures follows on from similar moves made by NASDAQ Dubai in the past two years. In 2016 the exchange launched futures for seven UAE companies - that number has increased to seventeen today.
NASDAQ Dubai, a Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term in the United Arab Emirates (UAE), announced today that it will be launching Saudi Arabian futures, allowing investors to tap into the Saudi market. The Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term will be providing equity futures in leading companies already listed in Saudi Arabia.
NASDAQ Dubai’s announcement will come as welcome news to investors looking to get a foothold in the emerging Saudi market. The country is going through a period of economic diversification as its leaders try to open up the country to foreign investors and reduce its continuing reliance on oil exports.
The Saudi Stock Exchange’s index, the Tadawul All-Share Index, has reflected this growing investor interest. In 2018 thus far, the index has increased by ten percent, with traded value on the exchange reaching SAR 399 billion ($106 billion), up 11 percent from the same period last year.
Old companies - new futures
The futures that NASDAQ Dubai will offer will be on companies competing in some of Saudi Arabia’s largest industries. Although NASDAQ Dubai did not name names, they stated that futures can be traded in companies dealing in petrochemicals, real estate, transport, and banking.
Commenting on the move to launch Saudi futures, Hamed Ali, Chief Executive of Nasdaq Dubai, said: “The framework that we have built for trading and clearing Saudi futures is based on intensive consultations with regional and international market participants including brokers and potential investors. We are delighted to provide investors with an exciting new route to gain exposure to the kingdom’s dynamic and rapidly expanding equity markets.”
The move to launch Saudi futures follows on from similar moves made by NASDAQ Dubai in the past two years. In 2016 the exchange launched futures for seven UAE companies - that number has increased to seventeen today.