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Saudi bourse to launch single stock futures on July 4

Saudi bourse to launch single stock futures on July 4: The Saudi Exchange has reported its aim to send off Single Stock Futures (SSFs) contracts on July 4, 2022, which will be cleared by the Securities Clearing Center Company “Muqassa”.

Saudi bourse to launch single stock futures on July 4

Saudi bourse to launch single stock futures on July 4

RIYADH — The Saudi Exchange has reported its goal to send off Single Stock Futures (SSFs) contracts on July 4, 2022, which will be cleared by the Securities Clearing Center Company “Muqassa”.

SSFs are the second subsidiaries item to be presented on the Saudi Exchange, subsequent to sending off Index Futures, as a component of more extensive endeavors to foster a high level capital market in Saudi Arabia.

SSFs will empower nearby and worldwide financial backers to fence and oversee portfolio gambles all the more successfully as well as differentiate items accessible for exchanging and supporting on the lookout.

The chose hidden stocks for the SSFs to be sent off have been browsed the biggest and most fluid organizations recorded on the Saudi Exchange.

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They depend on a rundown of models that expects to guarantee liquidity with an end goal to fulfill market need, keep up with market trustworthiness, and empower successful portfolio the board.

The principal tranche of SSFs will be founded on the accompanying recorded organizations: Al Rajhi Bank, Saudi Aramco, Saudi National Bank (SNB), Alinma Bank, SABIC, stc, Saudi Kayan, Saudi Electricity, Almarai and Maaden.

The send off of Single Stock Futures will empower the development of the Saudi Exchange’s Derivatives Market to incorporate extra subsidiaries items. — SPA

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Dhananjaya Sahoo

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