Saudi investors are expected to inject SR100 million into the Saudi stock market with the start of trading Monday after the Eid Al-Fitr holidays, according to preliminary estimates. Saudi investors have injected their liquidity in the world currency and precious metals markets to exploit the cessation of trading in the local stock market due to the Eid Al-Fitr holidays. From October 1, the Saudi Financial Market Company (Tadawul) started dividing the approximately three million investment portfolios operating in the market into those for personal use and those for business use – each category bringing different fees. Subscribing to personal use portfolios with the best price privilege requires a fee of SR30 per month whereas the market depth privilege requires a fee of SR50 a month. For business use portfolios with best price attribute, the fee is SR50 per month and SR 75 a month for those with market depth attribute. The main feature of personal use investment portfolios is that the subscriber uses information for personal use only and not for business purposes or for advice to any other party. In addition, the subscriber cannot sign a contract for the receipt or use of information on behalf of other parties including companies and funds. Any trading of information by the subscriber for any other trading purpose is not permissible and can prevent the subscriber from reaching trading information or levying additional fees. The business use subscriber can access and use information from a non personal use subscriber for business purposes as described above. – Okaz __
