Reminder Announcement Regarding Enhancements on Negotiated Deals and Fluctuation Limits Mechanism for Newly Listed Securities on the Main Market and All Listed Securities on Nomu-Parallel Market on an Ongoing Basis
Thursday, November 05, 2020 at 3:39 PM
Thu Nov 5, 2020 15:39
Reference to the market announcement on 26 October 2020, regarding the enhancements on Negotiated Deals and Fluctuation Limits Mechanism for newly listed securities on the Main Market and all listed securities on Nomu-Parallel Market on an ongoing basis, the Saudi Stock Exchange (Tadawul) would like to remind market participants that these enhancements will be effective on Sunday, 8th of November 2020, on the Main Market as well as Nomu-Parallel Market.
The enhancements to Negotiated Deals and Fluctuation Limits are part of Tadawul’s commitment to improve the Saudi capital market’s infrastructure and to further align with global best practices. The updates made to Negotiated Deals minimum size requirements will provide an efficient, transparent and dynamic mechanism for market participants to conduct Negotiated Deals. Tadawul also aims to enhance price formation and improve market efficiency by expanding the Daily Price Fluctuation Limits and introducing Static Price Fluctuation Limits and Volatility Auctions in the Main Market and Nomu-Parallel Market.
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