Saudi stock exchange to launch options after stock index futures

The Saudi stock exchange will launch options at an unspecified time after the launch of stock index futures, its chief executive Khalid al-Hussan said on Wednesday.

He was speaking to reporters a day after global index provider MSCI announced it had signed an agreement with the Saudi Stock Exchange Co (Tadawul) to jointly launch a tradeable index later this year in a move that could spur the growth of derivatives and exchange-traded funds.

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