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Saudi Exchange Triples Daily Trading Limits for New Listings

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Saudi Arabia’s stock market tripled the daily trading limits for companies making their debut as it looks to absorb billions of dollars chasing new listings.

Starting Nov. 8, newly listed stocks will be allowed to rise or fall 30% on their first three days of trading, up from the current 10% limit, the exchange known as Tadawul said in a statement. The daily limits will revert to 10% from the fourth day.