Short selling under 1% of trades, no irregularities: Tadawul
Tadawul says short selling accounts for less than 1% of main market trades, with no signs of unusual activity, according to its latest statement.
Key Takeaways
AITadawul, the Saudi stock exchange, announced that its ongoing monitoring of short selling in the main market has not revealed any unusual activity in specific companies or sectors.
The exchange clarified that short selling represents less than 1% of total trading value, while the average net short positions have remained below 0.1% of free float shares since the start of the year—levels that fall within approved regulatory limits.
"Current short selling levels do not indicate any abnormal activity, as the value of short selling trades has accounted for less than 1% of total trading value since the beginning of the year. Publicly disclosed short positions also remain limited, at around 0.1% of free float shares. It is important to note that short selling is a regulated activity subject to specific rules and requirements."
Tadawul emphasized that it continuously monitors these activities and will take necessary action if any violations or unusual concentration are detected, according to Khalid Al-Hussan, Chairman of Tadawul.