For the second time… 5 short-selling deals executed in Saudi ‎stock market during one session

“Tadawul” revealed the execution of 5 short-selling deals in the market on the shares of Acwa Power, Dallah Health Services, Amar Food Services, Saudi Kayan and Emaar. According to the data, the deals took place on Monday, March 06, 2023, according to the details below:

These are the 36 deals and the second time that 5 short-selling deals have been executed in the Saudi stock market during one session, after 5 short-selling deals were executed in the market on the shares of ACWA Power, Dallah Health Services, Al-Amar Foodstuff, Saudi Kayan and Emaar.

“Tadawul” and the Securities Depository Center Company “Edaa” announced that they had agreed to the amended short selling rules, the amended Listed Securities Lending Regulations, the amended market and center procedures, in addition to the list of terms used in the amended market rules.

The amendments to the rules regulating short selling and the regulations for lending listed securities include allowing entry into short selling activities and lending and borrowing securities for all types of investors in the market with specific conditions.

In addition to amendments related to the standards and requirements of short selling transactions and securities lending, Tadawul and Edaa aim through these amendments to develop the regulatory environment in line with the most prominent international practices in order to provide a stimulating, competitive and highly reliable environment in order to achieve the vision of both Tadawul and Edaa their goals and directions

These rules, procedures and a list of terms became effective as of March 25, 2021.

Short selling is a simple concept – an investor borrows a stock, sells the stock, and then buys the stock back to return it to the lender. Short sellers bet that the price of the stock they are selling will fall. … The difference between the selling price and the purchase price is the profit.