Tadawul and Meryl to enable market-making on 13 stocks

The Saudi Tadawul Company has approved Merrill Lynch Saudi Arabia's request to engage in market-making activities for 13 listed stocks on the Main Market and Nomu. The specific commitments for market makers on stocks listed on the Main Market, such as Al Rajhi Insurance, Savola Group, and Saudi Telecom, include certain percentages for order persistence and volume, along with limits on bid-ask spreads and traded value percentage. For stocks on the Parallel Market, different obligations have been set, involving lower percentages for order persistence and broader trading hours for bid-ask spreads. The activation of these activities aims to enhance liquidity and improve market performance.

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