The Saudi Stock Exchange’s (Tadawul) decision to amend the securities tick sizes (price change units) has neither impacted trading value nor the number of transactions for the period from June 4 to July 31, 2017, a study by Argaam showed.
The market resilience is attributed to seasonal factors, particularly the holy month of Ramadan, along with other key events during the same period.
The new tick size scale, under which values of current tick sizes would be reduced and more price bands will be added, came into effect on June 4.
The new scales are applied to all securities listed on Tadawul and the Nomu Parallel Market, as well as Real Estate Investment Traded Funds (REITs), exchange traded funds (ETFs) and tradable rights.
|
Average Traded Value Per Day |
|
|
Month |
Average Trading Value (SAR bln) |
|
March 2017 |
3.30 |
|
April 2017 |
3.11 |
|
May 2017 |
2.81 |
|
June 2017 |
3.42 |
|
July 2017 |
2.75 |
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