Nasdaq #Dubai plans #Saudi index launch after introducing kingdom's equity futures - The National

Nasdaq Dubai plans Saudi index launch after introducing kingdom's equity futures - The National:

Nasdaq Dubai plans to add this year trading on a Saudi index to its list of products after launching Saudi equity futures, its first single stock futures from outside the UAE, its chief executive said.

Nasdaq Dubai, on Wednesday, added Saudi equity futures, bringing the total number of the single stock futures trading on the bourse to 29, which include 17 of some of the biggest UAE companies. The exchange last year introduced futures on the Dubai Financial Market’s DFMGI share index as well as the ADI index of the Abu Dhabi Securities Exchange.

“The next step is to introduce a Saudi index [this year],” said Hamed Ali, declining to give more details.