Logo of Saudi Exchange (Tadawul)
The Saudi Exchange (Tadawul) announced today, March 20, the extension of trading hours for negotiated deals by introducing additional trading sessions:
1. Pre-Opening Auction Session: Convened after filing a request to Tadawul, this session will allow negotiated deals to be executed before the opening auction from 5:00 AM to 9:15 AM.
2. Market Closed Session: This session will allow negotiated deals to be executed after market close during regular trading days. Trading for negotiated deals involving debt instruments and ETFs will be carried out from 3:00 PM to 4:00 PM and for listed equities, CEFs and REITs from 3:20 PM to 4:00 PM.
3. Post-Market Closed Session: Convened under a request to Tadawul, this session will allow negotiated deals to be executed after the market closed session from 4:00 PM up to 8:00 PM.
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In order to enable pre-opening auction and post-market closed sessions, the lead manager or deal coordinator must file a formal request and adhere to Tadawul requirements.
Tadawul also stressed that negotiated deals executed in all additional sessions must comply with daily price limits and minimum thresholds.
This initiative is strategically designed to enhance Tadawul's global competitiveness, while also underscoring its commitment to meeting the evolving needs of market players.
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