23.3% Higher Saudi firm income tools in 2021

Trading values ​​in the local fixed income market in Saudi Arabia rose 23.3% in the five months of 2021, on an annual basis, amid high oil prices and improved business activity in non-oil sectors.

According to Arab Net, trading values ​​in the five months this year exceeded 35 billion riyals, although the market has seen high volatility in terms of performance and trading sizes.

In May, Middle East's largest bond stocks recorded 156 per cent on a monthly basis, according to the economic newspaper.

The debt trades returned to its workplace during the last month after a large frequency of trading in April after reaching 1.9 billion riyals, the lowest since 15 months.

But the bond market and instruments recorded the third highest monthly trading for this year with close last month, which reached 5.1 billion riyals.

Since mid-June, Clare Stream, a post-trading service provider for the German Stock Exchange, has begun to link the Saudi stock market through its network deposit center, which is fully owned by the Saudi trading group and responsible for the operation and maintenance of the deposit and settlement system. p>

This linkage will facilitate the entry of international investors to the Saudi financial market, by providing the settlement of governmental and non-convertible and conferencing funds and investment funds in the Saudi market and Saudi Riyal.

Clare Stream clients can invest in the bond instruments and investment funds and directed in the Saudi financial market without having to apply for rehabilitation as a qualified foreign investor, as well as the possibility of using their current accounts registered with Clare Stream.

For the first time, international investors can own steady-income Saudi stock and index funds through the account of the Joint Filter, and can also take advantage of the well-known international deposit centers, including internal settlement service. As a result, the demand for government debt tools is expected to be increased from international investors and thus promote liquidity level in the local market.