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DUBAI (Reuters) – Nasdaq Dubai has signed a licensing agreement for the launch of derivatives based on the FTSE Russell equity indices for Saudi Arabia in the coming months, the two companies announced on Monday.
This decision is part of the expansion of the Nasdaq derivatives market in Dubai and follows the launch of individual equity futures on 12 Saudi companies last month, they said in a statement. spouse.
Monday's announcement indicated that futures, as well as other derivatives to be launched, are designed to attract global and regional investors, including the many funds that use the Russell FTSE Indexes as a benchmark for their equity investments. Saudi.
Saudi Arabia's Tadawul Stock Exchange Receives Emerging Market Status by FTSE Russell in March and MSCI's Emerging Markets Reference Mid-Year, May Attract $ 15 Billion in Indexed Liabilities to Riyadh and billions more in active funds.
The Saudi index has risen 9% since the beginning of the year as fund flows increased before the Saudi market entered the emerging market benchmarks.
Report by Saeed Azhar; Edited by Mark Potter
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