GulfBase Live Support
Leave a message and our representative will contact you soon
01/07/2016 10:05 AST
Saudi Arabia's market regulator raised the commission on trades on the kingdom's Tadawul stock exchange, which is seeking to attract foreign investors and sell state assets.
As well as raising the commission from 12 basis points to 15.5 basis points per transaction, Saudi's Capital Market Authority (CMA) said on Thursday it had eliminated the fixed commission on equity transactions equal to or less than 10,000 riyals ($2,668).
Trading commissions are shared between the CMA, the Tadawul and brokers, with the majority going to brokers. Small traders will pay only the new percentage, with effect from July 17.
The CMA said it had taken into consideration "the anticipated approval of fees for the deposit, transfer, settlement, clearing and registration of ownership of securities traded on the Exchange."
As well as undertaking reforms aimed at increasing foreign investment, the Tadawul is preparing to list itself in an initial public offering (IPO) in 2018.
Trade Arabia
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
05/04/2018
Foreign investors bought $1.18 billion in Middle East and North African equities in March, especially Saudi ones amid the kingdom’s upgrade to emerging market status by FTSE Russell, according to a r
The National
05/04/2018
Buying activity in financials lifted the MSM30 Index to 4,794.61 points, up 0.41 per cent. The MSM Sharia Index closed at 676.52 points, down 0.08 per cent. Gulf Investment Services was the most acti
Times of Oman
05/04/2018
Traded value on the Dubai Financial Market tumbled on Wednesday as global stocks declined amid an intensifying US-China trade war. In Abu Dhabi, banking shares surged ahead of first quarter results s
Gulf News
04/04/2018
Driven by financial blue chips, the MSM30 Index continued its recovery to close at 4,775.27 points, a gain of 0.53 per cent. The MSM Sharia Index ended at 677.06 points, down 0.07 per cent. HSBC Bank
Times of Oman
04/04/2018
Emaar Properties shares extended losses for another session on Tuesday, to hit their lowest level in a year, as selling continued on the wider Dubai gauge. Emaar Properties fell to a low of Dh5.58, b
Gulf News