Muqassa updates margin transactions for companies’ Single Stock Futures

03/07/2022 Argaam
Tadawul trading screen

Tadawul trading screen


The Securities Clearing Center Company (Muqassa) announced that the margin transactions for Single Stock Futures for companies will be updated, as of the end of the business day of July 3, 2022, as follows:

 

Company

Contract Code

Contract Name

Margin Rates/Trading Limit Utilization Ratio

Difference Equation Ratio

Price Difference Fees (SAR)

Saudi Aramco

2222

ARMF

13.0%

40

240

Al Rajhi Bank

1120

RJHF

10.5%

20

440

Alinma Bank

1150

INMF

14.0%

50

230

SABIC

2010

SABF

14.0%

20

720

stc

7010

STCF

12.0%

20

590

Saudi Kayan

2350

KYNF

17.0%

100

130

Saudi National Bank

1180

SNBF

15.0%

20

480

Saudi Electricity

5110

SECF

20.5%

70

240

Almarai

2280

MRIF

13.5%

30

350

Maaden

1211

MDNF

17.0%

30

450

 

Saudi Exchange (Tadawul) intends to launch Single Stock Futures on July 4, 2022, which will be cleared by Muqassa.

 

Single stock futures (SSFs) are an agreement between a buyer and seller who shall be obligated to complete a transaction at a specified date in the future, the value of which is derived from the value of the stock (the underlying asset).

 

Tadawul launched the first exchange-traded derivatives product on Aug. 30, 2020, marking the beginning of derivatives trading in the Kingdom.

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