Saudi Exchange to Allow Single-Stock Futures From Next Quarter
- Tadawul to assess demand for more futures contracts, CEO says
- Pipeline of potential IPOs coming to market is ‘non-stop’
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Saudi Arabia will start futures trading on single stocks in the second quarter of this year, the head of the Tadawul stock exchange said, as the Middle East’s largest bourse moves to boost liquidity.
The Tadawul will initially select about 10 liquid companies for futures trading, Chief Executive Officer Khalid Al-Hussan said in an interview with Bloomberg TV on Monday.