Saudi financial market to present options trading soon

(MENAFN) Saudi Arabia is going to present options trading on single stocks to further boost liquidity in its stock market in no time, based on a news agency report, referring to individuals acquainted with the subject.

The Middle East’s largest stock market aims to allow options exchanging in five to 10 firms initially for the upcoming few weeks, based to the individuals, who asked to stay anonymous for information privacy.

According to the news agency, this step would replicate the last Saudi move towards liberalizing Riyadh’s stock market and boosting contribution from overseas stockholders.

The financial market is going to begin listing more stocks when they meet specific principles, the people stated, whereas Tadawul did not answer to requests for remarks.

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