Saudi stocks
The Saudi Al-Eqtisadiah newspaper revealed that the Saudi debt market set a new record and achieved the highest daily trading since its inception, as the number of transactions executed in the market increased by more than 890%, after listing the first sukuk for individuals coming from the banking sector.
The Saudi newspaper stated that the increase in deals came on the first day of trading, specifically on the 6th of last December, and that the presence of sukuk of a Saudi bank contributed significantly to the activity of the Saudi debt market trading, bringing the number of deals to 536 deals from 54 deals.
Al-Eqtisadiah newspaper continued that the share of trading of individuals and institutional investors on the bank’s sukuk recorded about 97.5% of the total daily transactions of the debt market, which were executed on the first day with 523 transactions, while the total trading for one day only amounted to 9.64 million riyals.
The Saudi newspaper indicated that the presence of individual investors in abundance during December is considered the first actual participation in the Saudi debt instruments trading market, given that the best way to attract individual liquidity lies in the way in which sukuk subscriptions are marketed through the same methodology used in stock subscriptions by providing several banks. To receive subscription requests, with the diversity of channels and intensive marketing for this event.
It should be noted that Tadawul is the main market for stock trading in Saudi Arabia, along with Nomu, which is a trading market for shares of emerging companies. The market value of shares of companies listed in the main market is estimated at 9.8 trillion Saudi riyals. Tadawul is also the largest capital market in the Middle East and North Africa.
Saudi stocks close the last sessions of the week with losses