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Tadawul launches single-stock futures trading

By TRENDS Desk
July 5, 2022 4:31 pm
  • Aramco futures logged a trading volume of 20 so far with a value of SR76,200 ($20,304), while stc posted 10 trades worth SR97,700
  • The launch of single-stock futures as Tadawul’s second derivatives product — after launching index futures in 2020 — comes amid efforts to bolster liquidity

Tadawul has posted more than 30 trades in single-stock futures on its launch as Aramco and Saudi Telecom Co. led the trading.

Aramco futures logged a trading volume of 20 so far with a value of SR76,200 ($20,304), while stc posted 10 trades worth SR97,700.

Saudi Kayan and Ma’aden contributed with one transaction each, valued at SR1,500 and SR5,100, respectively.

The launch of single-stock futures as Tadawul’s second derivatives product — after launching index futures in 2020 — comes amid efforts to bolster liquidity and lure investors into the region’s biggest bourse.

In addition to the aforementioned stocks, the first tranche of the contracts includes Al Rajhi Bank, Saudi National Bank, Alinma Bank, Saudi Basic Industries Corp., Saudi Electricity Co., and Almarai.

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