the king Salman
the king Salman

The financial market in the Kingdom of Saudi Arabia revealed, "Tadawul", the continuation of working hours announced for all securities to be from ten o'clock in the morning until one o'clock in the afternoon, starting today morning 8/8/1441 AH corresponding to 7/4/2020 AD.

In a related context, the Saudi Stock Exchange, known as (Tadawul), revealed that the announced trading hours for all listed securities continue to operate.

Tadawul stressed, in an official statement this morning, its ability to access all its operational systems, implement market operations at all times and enable market participants to conduct their business normally.

In this regard, an official source at the Saudi Ministry of Interior revealed, yesterday evening, Monday, a 24-hour curfew in a number of Saudi cities, including Riyadh, Tabuk, Dammam, Dhahran, and Hofuf, as well as Jeddah, Taif, Qatif, and Khobar.

Whereas, the Saudi market has in the past period reduced the trading hours of all listed securities temporarily, to start at ten in the morning and continue until one o'clock as of Thursday, March 26 last.

At that time, the financial market in the Kingdom of Saudi Arabia Tadawul revealed in a statement posted on its website that the trading sessions are as follows:

The first session in the Saudi stock market (opening auction): from 09:30 am to 10:00 am

The second session in the Saudi stock market (open market - implementation): from 10:00 am to 01:00 pm

- The third session in the Saudi stock market (closing auction): for listed securities from 01:00 PM to 01:10 PM

The Saudi stock market excludes debt instruments and ETFs.

Fourth session in the Saudi stock market (trading on the closing price): for all listed securities from 01:10 pm to 01:20 pm (debt instruments and ETFs excluded).

Fifth session in the Saudi stock market (the market is closed): for listed securities from 01:20 pm to 02:00 pm - (with the exception of debt instruments and indexes traded, as it will be from 01:00 pm to 02:00 pm).

The Saudi stock market confirmed on the Saudi Stock Exchange the safety of its systems and operational operations, as it always works to take all measures that would benefit the market and its dealers.

For its part, the Saudi government has reassured all market participants of its ability to access all of its operating systems and implement market operations at all times.

On the other hand, an economic report revealed that the indicators at the present time confirm the coherence of the economy in the Kingdom of Saudi Arabia in light of the circumstance that is afflicting the economy at the global level in light of the current global economic crisis because of the Corona virus spread in many countries of the world.

The last report revealed that the financial reserves in the Kingdom of Saudi Arabia are sufficient to cover Saudi imports by four years (47 months), and the growth came as a result of a continuous rise in demand deposits, which increased by 9.5 per cent from February 2019, in addition to the increase in time deposits by 6.6 per cent Cent on an annual basis as well as February.

It should be noted that the vital positive indicators at the present time within the Saudi economy until the previous February, increased by 11.3% during the year, as banks ’liabilities on the public sector increased by 17.7% for the same period, while new mortgage loans provided by banks rose 142%. .