Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) board approved the amendment of the securities tick starting from 4 June.

As per the new amendment, values of current tick sizes shall be reduced, according to a bourse filing on Monday.

Moreover, additional price brands shall be included; tick size SAR 0.01 for securities traded at less than SAR 10, SAR 0.02 for securities traded from SAR 10 to SAR 24.98, and SAR 0.05 for securities traded from SAR 25 to SAR 49.95.

Tick size SAR 0.10 is for securities traded from SAR 50 to SAR 99.90 and tick size SAR 0.20 for securities traded above SAR 100.

Tadawul added that the new tick size scales will be applied to the main market-listed companies,Nomu-listed companies, real estate investment trusts (REITs), exchange-traded funds (ETFs), and tradable rights.