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Al Rajhi Saudi Stocks Fund begins trading
Al Rajhi Financial has begun trading units of the "Al Rajhi MSCI Saudi Equity Index Fund" on the main market, under trading symbol 9413, after raising 100 million riyals through the initial offering conducted on August 6. The fund aims to track the performance of the Saudi stock index and allows a daily fluctuation limit of ±10%. Approval has been granted for market-making activities for index funds, facilitating the trading of units through intermediaries and enhancing their liquidity. This listing provides investors with an opportunity to invest in Saudi stocks in a transparent and indexed manner, with the ability to easily create and redeem units through the market maker.
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