Markets

MubasherTrade Market Coverage

Significant international and regional presence
MubasherTrade operates across the borders and the markets that are considered financial hotspots as well as those that represent dynamic potential, to create opportunities that may be leveraged to enhance and solidify investment portfolios.

MENA

Market: U.A.E
Exchange: NASDAQ (Dubai)

Market: U.A.E
Exchange: DFM (Dubai)

Market: U.A.E
Exchange: ADX (Abu Dhabi)

Market: Bahrain
Exchange: BSE

Market: Saudi Arabia
Exchange: TDWL

Market: Kuwait
Exchange: KSE

Market: Qatar
Exchange: DSM

Market: Oman
Exchange: MSM

Market: Egypt
Exchange: CASE

Market: Morocco
Exchange: CSE

Market: Tunis
Exchange: TSE

Market: Libya
Exchange: LSM

Market: Palestine
Exchange: PSE

Market: Lebanon
Exchange: LBBSE

Market: Jordan
Exchange: ASE

Americas

Market: United States
Exchange: NYSE

Market: United States
Exchange: AMEX

Market: United States
Exchange: NSDQ

Market: United States
Exchange: OPRA (Options)

Europe

Market: United Kingdom
Exchange: LSE

Market: London
Exchange: CHI-X Europe

Market: Paris
Exchange: CHI-X Europe

Market: Frankfurt
Exchange: CHI-X Europe

Market: Milan
Exchange: CHI-X Europe

Market: Zurich
Exchange: CHI-X Europe

Market: Stockholm
Exchange: CHI-X Europe

Market: Amsterdam
Exchange: CHI-X Europe

Market: Madrid
Exchange: CHI-X Europe

Market: Oslo
Exchange: CHI-X Europe

Market: Brussels
Exchange: CHI-X Europe

Market: Helsinki
Exchange: CHI-X Europe

Market: Copenhagen
Exchange: CHI-X Europe

Market: Vienna
Exchange: CHI-X Europe

Market: Dublin
Exchange: CHI-X Europe

Market: Lisbon
Exchange: CHI-X Europe

Market: Tunis
Exchange: BVMT

Asia

Market: India
Exchange: BSE (Operated by local partner)

Market: India
Exchange: NSE (Operated by local partner)

Market: Sri Lanka
Exchange: CSE

Market: Turkey
Exchange: ISE

Market: Japan
Exchange: TSE

Market: Hong Kong
Exchange: SEHX

Market: Thailand
Exchange: SET

Market: Malayasia
Exchange: MYX

Market: Singapore
Exchange: SGX

Market: Australia
Exchange: ASX

Market: New Zealand
Exchange: NZX

General Information

Index: ADXGI
Working Days:
Mon
Tue
Wed
Thu
Fri
Sat
Sun
Currencies: AED (UAE Dirham)
Working Hours: 10.00 am – 2.00 pm (UAE – GMT+4)
Pre Open Open Close
9.30 am 10.00 am 2:00 pm
No of Listed Companies: 64 Companies
Market Capital: $75.6 billion source: AM (As of March)
Settlement Cycle: T+2 (custody accounts)
Most Active Stocks in USD (3m avg volume x Biggest Weight in the Index close) Biggest Weight in the Index
ALDAR 6.3 M ETISALAT 32.1 %
ETISALAT 4 M NBAD 9.9 %
DANA 3.1 M QTEL 9.1%
FGB 2.7 M FGB 8.9%
SOROUH 2 M ADCB 4%

Trading

Order Types
  • Market and Limit
  • Day Order
  • Fill or Kill (FOK)
  • Week Order (GTW)
  • Month Order (GTM)
  • AON
  • Minimum Fill (MB)
  • Minimum Block (MF)
Example Investor ID BHR00000123456X
Limit Up & Limit Down 15% & 10%
Closing Price Average Price – VWAP
DMA YES
Priority
  • Price – the order with the best price has the highest queue priority
  • Time – at a single price level, time of entry of an order governs its priority on a First in First Out (FIFO) basis
  • Special Term – orders with the least trading restrictions will be given priority over orders with greater restrictions
  • Amending order quantity will result in the order losing priority
General Rules
  • During pre open session, orders can’t be amended or cancelled within 10 minutes of placing the order
  • Multiple orders at the same price pointed by the same investor are not allowed and will result in a fine
  • Order values must be under 10 million, orders above 10 million require approval by the exchange and placed in the
    special order book
Tick Sizes
Price From Price To Tick Size (AED)
0.01 10.00 0.01
10.05 100.00 0.05
100.10 Above 0.10

Foreign Investor Laws

Foreign Investor restrictions are placed on stock by stock basis.

General Information

Index: DFMG
Working Days:
Mon
Tue
Wed
Thu
Fri
Sat
Sun
Currencies: AED (UAE Dirham) AED/USD 3.6730
Working Hours: 10.00 am – 2.00 pm (UAE – GMT+4)
Pre Open Open Close
9.30 am 10.00 am 2:00 pm
No of Listed Companies: 74 Companies
Market Capital: $ 10.8 billion USD: AMF March 2011
Settlement Cycle: T+2 (custody accounts)
Most Active Stocks in USD (3m avg volume x Biggest Weight in the Index close) Biggest Weight in the Index
EMAAR 10.3 M EMAAR 17%
ARABTEC 6.3 DIB 14.1 %
DSI 3.5 M Emirate NDB 8.2%
DU 3.3 M DU 8%
Air Arabia 3 M Dubai Investments 6.4%

Trading

Order Types
  • Day Orders
  • Market
  • Limit
  • Good Till Date
  • Good Till Cancel
Example Investor ID BH00123456
Limit Up & Limit Down Active Stock – 15% up 10% Down Inactive Stock – 5% up 5% Down
Closing Price Average Price – VWAP
DMA YES
Priority
  • Price – the order with the best price has the highest queue priority
  • Time – at a single price level, time of entry of an order governs its priority on a First in First Out (FIFO) basis
  • Special Term – orders with the least trading restrictions will be given priority over orders with greater restrictions
  • Amending order quantity will result in the order losing priority
General Rules
  • During pre open session, orders can’t be amended or cancelled within 10 minutes of placing the order
  • Multiple orders at the same price point by the same investor are not allowed and will result in a fine
  • Order values must be under 10 million; orders above 10 million require approval by the exchange and placed in the special order book
  • GTC orders where the share price moves outside the maximum allowed trading range will be suspended until share price moves back into range
  • Market Regulator is Securities and Commodities Authority (SCA)
  • Ex-NASDAQ Dubai symbols (eg. DPW,DEPA,DAMAS) trade in USD
Tick Sizes
Price From Price To Tick Size (AED)
0.01 1.00 0.001
1.00 10.00 0.01
10.0 100.00 0.05
100.0 Above 0.10

Foreign Investor Laws

Foreign Investment restrictions are placed on a stock by stock basis.

To check the restrictions placed on a particular stock follow the link below.

General Information

Index: TASI
Working Days:
Mon
Tue
Wed
Thu
Fri
Sat
Sun
Currencies: SAR (Saudi Riyal) SAR/USD 3.75
Working Hours: 11:00 am – 03:30 pm (Saudi Arabia – GMT+3)
Pre Open Open Close
10.00 am 11.00 am 3.30 pm
No of Listed Companies: 148 Companies
Market Capital: $ 135 B USD: AMF March 2010
Settlement Cycle: T+0 (Prefunded)
Most Active Stocks in USD (3m avg volume x Biggest Weight in the Index close) Biggest Weight in the Index
SABIC 155 M SABIC 13.3%
KAYAN 63.5 M RHAJI 12.1%
ALINMA 48.3 M SAMBA 4.1%
RHAJI 39.9 M ETIHAD ETISALAT 3.9%
MAADEN 31.3 M RIYAD 3.6%

Trading

Order Types
  • Hit Order
  • Take Order
  • Match Order
  • Market Order
  • Limit Order
  • Unpriced Order
  • Undisclosed volume
  • All or None
  • Minimum Block
  • Minimum Fill
  • Minimum Fill
Example Investor ID 0123456789
Limit Up & Limit Down 10% up, 10% Down
Closing Price Last Traded Price
DMA YES
Time in force restrictions
  • Good-till-day
  • Good-till-week
  • Match Order
  • Good-till-month
Priority
  • Price – the order with the best price has the highest queue priority
  • Time – at a single price level, time of entry of an order governs its priority on a First in First Out (FIFO) basis
  • Special Term – orders with the least trading restrictions will be given priority over orders with greater restrictions
  • Amending order quantity will result in the order losing priority
General Rules
  • Amending order quantity will result in the order losing priority
  • Market Regulator is Capital Market Authority CMA
Tick Sizes
Price From Price To Tick Size (AED)
0 25 0.05
25 50 0.10
50 Above 0.25

Foreign Investor Laws

Foreign Investors are now permitted to trade on the TADAWUL Exchange using the SWAP agreement.

General Information

Index: KSE
Working Days:
Mon
Tue
Wed
Thu
Fri
Sat
Sun
Currencies: KWD, KWD/USD 0.2782
Working Hours: 9.00 am – 13.30 pm Local Time
Order Acceptance Pre-Auction Open Regular Close
8.50 am 8.59 am 9.00 am 12.30 pm
No of Listed Companies: 232 Companies
Market Capital: 117.9 USD Billion AMF March 2010
Settlement Cycle: T+2 (custody accounts)
Most Active Stocks in USD (3m avg volume x Biggest Weight in the Index close) Biggest Weight in the Index
NBK 17.2M CGC 3.9%
ZAIN 12.1M CABLE 3.3%
KFIN 11.4M NMTC 3.3%
ALAFCO 8.3M PCEM 3.2%
KIB 8.2 FOOD 3.1%

Trading

Order Types
  • Day Orders
  • Limit Order
  • Market Order
Example Investor ID 12345678
Limit Up & Limit Down Stock specific, please refer to table below.
Closing Price Last Traded Price
DMA YES
General Rules
  • Amendments and cancelation or orders can only be done after 5 minutes of placing the order has elapsed
  • Amending order quantity will result in the order losing priority
  • No segregated market regulator, the Kuwait Stock Exchange is overseeing the functioning of the market and the market participants
Tick Sizes
Value Unit Max Daily Change (5 Units) Unit Change (Fils) Stock Price (Fils)
80,000 5×0.5 = 2.5 Fils 0.5 50 : 0.5
40,000 5×1 = 5 Fils 1 100 : 51
20,000 5×2 = 10 Fils 2 250 : 102
10,000 5×5 = 25 Fils 5 500 : 255
5,000 5×10 = 50 Fils 10 1,000 : 510
2,500 5×20 = 100 Fils 20 2,520 : 1,020
1,000 5×20 = 100 Fils 20 5,000 : 2,520
500 50X5 = 250 Fils 50 9,950 : 5,050

Foreign Investor Laws

Foreign investors are restricted to 49% ownership (5% for banking stocks)

General Information

Index: QE Index
Working Days:
Mon
Tue
Wed
Thu
Fri
Sat
Sun
Currencies: (QAR) Qatari Riyal, QAR/USD 364
Working Hours: 10.00 am – 12.30 pm (Qatar – GMT+3)
Pre Open Open Pre Close Close
9.00 am 9.30 am 2.00 pm 2.15 pm
No of Listed Companies: 45 Companies
Market Capitalization (QE Index): $ 47.6 billion USD AMF March 2010
Settlement Cycle: T+3 (custody accounts)
Most Active Stocks in USD (3m avg volume x Biggest Weight in the Index close) Biggest Weight in the Index
MARK 17.9 MQNBK 15.8%
IQCD 16.2 IQCD 13.2%
BRES 13.6M QIBK 9%
QNBK 9.6M CBQK 8.5%
QIBK 8.5M MARK 8.4%

Trading

Order Types
  • Day Orders
  • Market
  • Limit
Example Investor ID 123456
Limit Up & Limit Down 10% up, 10% down
Closing Price Average Price
DMA YES
Time in force restrictions
  • Valid (good) for a day
  • Valid (good) for a week
  • Valid (good) for a month
Priority
  • Price
  • Time of entry
  • Type of order
General Rules
  • During pre open session, orders can’t be amended or cancelled within 15 minutes of placing the order
  • Orders placed during normal trading can be updated anytime after placing the order
  • Order values must be under 10 million; orders above 10 million require approval by the exchange and placed in the special order book
  • GTC orders where the share price moves outside the maximum allowed trading range will be cancelled from the market
  • Market Regulator is Qatar Financial Market Authority

Foreign Investor Laws

25% of free float for most companies.

General Information

Index: Bahrain All Share Index
Working Days:
Mon
Tue
Wed
Thu
Fri
Sat
Sun
Currencies: BHD (Bahrain Dinar), BHD/USD 0.377
Working Hours: 9.30 am – 12.30 pm (Bahrain GMT + 3)
Pre Open Open Pre Close Close
9.15 am 9.30 am N/A 12.30 pm
No of Listed Companies: 76 Companies
Market Capital: 15.9BN USD
Settlement Cycle: T+2 (custody accounts)
Most Active Stocks in USD (3m avg volume x Biggest Weight in the Index close) Biggest Weight in the Index
AUB 300K AUB 22%
BARKA 200K ABC 11.1%
BATELCO 200K BATELCO 9.8%
SALAM 40K NBB 9.3%
ITHMR 30K BBK 6.4%

Trading

Order Types
  • Limit Order
  • Market Orders
  • Day Orders
Example Investor ID BAH1234567CR
Limit Up & Limit Down 10% up 10% down
Closing Price Last Traded Price
DMA YES
TIF
  • Orders are allowed to have time restrictions, which limit the period the order is available to trade. The order will be automatically removed after close of trading for the stipulated day
General Rules
  • Orders placed with an order value larger than 5% of the shares capital must be approved by the exchange and placed in the special order book
  • Amending order quantity will result in the order losing priority

Board Lots

Orders must be entered within the defined board lots and tick sizes, as specified by the Exchange. All trades shall be executed within the trade ranges as set by the Exchange.
Stocks Traded in Bahrain Dinars

Class Price (BD) From TPrice (BD) To Board Lot
1 0.001 0.050 10,000
2 0.051 0.100 5,000
3 0.101 0.250 2,000
4 0.251 0.500 1,000
5 0.501 Above 500

Stocks Traded in USD

Class Price (BD) From TPrice (BD) To Board Lot
1 0.01 2.00 1000
2 2.01 4.00 400
3 4.01 10.00 200
4 10.01 Above 100

Tick Sizes

Stocks Traded in Bahrain Dinars

Class Price (BD) From Price (BD) To Tick Size (Fils)
1 0.001 0.200 1
2 0.201 0.500 2
3 0.501 1.000 5
4 1.001 2.500 10
5 2.501 Above 20

Stocks Traded in USD

Class Price (BD) From Price (BD) To Tick Size (Fils)
1 0.01 2.00 1
2 2.01 4.00 2
3 4.01 10.00 4
4 10.01 Above 5

List of Companies and Traded Currency

Company Name Currency Symbol
Ahli United Bank USD AUB
Al Salam Bank BHD SALAM
Bahrain Islamic Bank BHD BISB
BBK BHD BBK
Khaleeji Commercial Bank BHD KHCB
National Bank of Bahrain BHD NBB
The Bahraini Saudi Bank BHD BSB
Al Baraka Banking Group B.S.C. USD BARKA
Arab Banking Corporation USD ABC
Bahrain Commercial Facilities BHD BCFC
Bahrain Middle East Bank BHD BMB
Esterad Investment Company B.S.C. BHD ESTERAD
GMG (Suspended) BHD GMG
Gulf Finance House USD GFH
INOVEST B.S.C. USD INOVEST
Investcorp Bank USD INVCORP
Ithmaar Bank USD ITHMR
TAIB Bank USD TAIB
United Gulf Bank BHD UGB
United Gulf Investment Corporation B.S.C BHD UGIC
AUB Class A Preference Share USD AUB.PREF.A
Securities and Investment Co BHD SICO-C
United Paper Industries B.S.C BHD UPI
AIIC (Suspended) BHD AIIC
Al-Ahlia Insurance Co. BHD AHLIA
Arab Insurance Group USD ARIG
Bahrain Kuwait Insurance Co BH
HHD
BKIC
Bahrain National Holding Co. BHD BNH
Takaful International Company BHD TAKAFUL
Bah. Ship Repairing & Engineering Co. BHD BASREC
Bahrain Car Park Co. BHD CPARK
Bahrain Cinema Co. BHD CINEMA
Bahrain Duty Free Shop Complex BHD DUTYF
Bahrain Mari. & Mer. Inter. Co. BHD BMMI
Bahrain Telecommunications Co. BHD BATELCO
General Trading & Food Proc. Co. BHD TRAFCO
Nass Corporation BSC BHD NASS
Seef Properties B.S.C. BHD SEEF
Bahrain Family Leisure Co. BHD FAMILY
Bahrain Tourism Co. BHD BTC
Banader Hotels Company BSC BHD BANADER
Gulf Hotel Group B.S.C BHD BHOTEL
National Hotels Co BHD NHOTEL
Bahrain Flour Mills Co. BHD BFM
Delmon Poultry Co. BHD POLTRY
Bank Muscat BHD BMUSC
Global Investment House BHD GLOBAL
International Investment Group BHD IIG
Sudan Telecommunications Company USD SDTL
United Finance Company SAOG USD UFC

Foreign Investor Laws

In 1999, following Amiri Decree No. 10/1999, GCC nationals were allowed to own up to 100% of the shares of listed Bahraini companies, giving them full access to the market. Likewise, non-GCC nationals are now allowed to own up to 49%. Both Bahrain Flour Mills Company and Delmon Poultry Company are not subject to the above decree as ownership in their shares is restricted to Bahraini citizens only

General Information

Index: MSM
Working Days:
Mon
Tue
Wed
Thu
Fri
Sat
Sun
Currencies: AOMR (Omani Riyal), ORM/USD 0.385
Working Hours: 10.00 am – 1.00 pm (Oman – GMT+4)
Pre Open Open Close
9.30 am 10.00 am 1.00 pm

OTC Market

Deals Market 9.45 AM – 2.00 PM
Orders Market 12.00PM – 1.00PM
No of Listed Companies: 190 Companies
Market Capital: 5.8 USD Billion
Settlement Cycle: T+3 (custody accounts)
Most Active Stocks in USD (3m avg volume x Biggest Weight in the Index close) Biggest Weight in the Index
BKMB 2.7M BKBB 10.7%
RNSS 2.2M Otel 9.7%
GECS 900K RNSS 9.5%
OTEL 700K BKMB 9.1%
BKSB 400K OIBB 7.5%

Trading

Order Types
Type Pre Open Trading
Limit Price Order YES YES
Market Order YES YES
Market To Limit Order NO YES
Open Price Order YES NO
Stop Order YES YES
Stop Limit Order YES YES
On 1st Limit Order YES YES
FAK Market Order YES YES
Example Investor ID OM0000123456
Limit Up & Limit Down 10% up 10% down
Closing Price Last Traded Price
DMA YES
Time in force restrictions
  • (Day): Valid for one day
  • (Fill & Kill): Valid for immediate execution
  • (Good Till Date): Valid for a certain date
  • (Sliding Validity): Valid for one year
Priority
  • Price
  • Time of entry
  • Type of order

Foreign Investor Laws

Foreign Investor restrictions are placed on a stock by stock basis

General Information

Index: ASE
Working Days:
Mon
Tue
Wed
Thu
Fri
Sat
Sun
Currencies: JOD (Jordanian Dinar), USD, JOD/USD 0.7086
Working Hours: 9.30 am – 2.00 pm (Jordan – GMT +3)
  • Beginning of Day Inquiry : 8.30 – 9.30
  • Pre open : 9:30 – ±10:00
  • Open : 10.00 am
  • Continuous Trading : ± 10:00 – 12:15
  • Pre Close : 12:15 – ±12:25
  • Close : ±12:25
  • Trading at Last : ±12:25 – 12:40
  • Block Trades : 12:40 – 13:00
  • Block Trades : 13:00
No of Listed Companies: 271 Companies
Market Capital: 4.2BN USD
Settlement Cycle: T+3
Most Active Stocks in USD (3m avg volume x Biggest Weight in the Index close) Biggest Weight in the Index
MECE 1.8M ARBK 9.2%
ARBK 1.2M THBK 9.2%
JOBH 900K JOEP 7.7%
TAMR 800K JTEL 4.7%
RJAL 700K JOKB 4.4%

Trading

Order Types
  • Day Orders
  • GTC
  • FOK
  • FAK
  • GTD
Example Investor ID 1234
Limit Up & Limit Down 5% up, 5% down
Closing Price Last Traded Price
DMA YES
General Rules
  • Cross orders are only allowed during pre-close session and must be approved by the exchange though a fax
  • Orders can amended and cancelled any time after placing an order during all sessions

Foreign Investor Laws

Foreign investors are restricted to a percentage of ownership or participation in certain sectors

General Information

Index: PSE
Working Days:
Mon
Tue
Wed
Thu
Fri
Sat
Sun
Currencies: USD, JOD
Working Hours: 9.45 am – 1.30 pm (Palestine – GMT+2)
Pre Open Open Pre Close Close
9.45 am 10.00 am 12.00 pm 1.30 pm
No of Listed Companies: 48 Companies
Market Capital: 3 USD Billion
Settlement Cycle: T+3

Most Active Stocks

  • Arab Islamic Bank (AIB)
  • Palestine Telecommunication Co (PALTEL)

Trading

Order Types
  • Day Orders
  • GTC
  • FOK
  • FAK
  • GTD
Example Investor ID 1234567890
Limit Up & Limit Down 7.50% Primary MKT, 5% Secondary MKT
Closing Price Last Traded Price
DMA NO
Priority
  • An Order that includes the best price shall be given priority when executing such Order
  • The Purchase Order that includes the highest price and the Sale Order that includes the lowest price shall be given preference when executing such Orders
  • If the Order is not executed in full according to the best price, the remaining of such Order shall then be executed at the next best price and in accordance with the provisions of these Regulations
Tick Sizes
  • (0.01), if the share par value and/or market value is less than 5 Jordanian dinars or 5 US dollars
  • (0.05), if the share par value and/or market value is less than 10 Jordanian dinars or 10 US dollars
  • (0.10), if the share par value and/or market value is equal to or more than 10 Jordanian dinars or 10 US dollars
General Rules
  • Cross orders are only allowed during pre-close session and must be approved by the exchange though a fax
  • Orders can be amended and cancelled any time after placing an order during all sessions
  • Amending order quantity will result in the order losing priority
Settlement

The CDS system begins processing thirty seconds following a trade. The system handles the daily cash settlement process between trading members and the associated tracking of share movement related to the settled securities. A number of procedures serve as safeguards in tracking the transaction through the process leading up to Delivery versus Payment three days following the trade date (T+3).

Foreign Investor Laws

No restrictions for foreign investors.

General Information

Index: BLOM Index
Working Days:
Mon
Tue
Wed
Thu
Fri
Sat
Sun
Currencies: USD, LBP
Working Hours: 9.00 am – 12.30 pm Local Time (GMT +2)
Pre Open Open Regular Close
9.00 am 9.30 am 12.30 pm
No of Listed Companies: 26 Companies
Market Capital: 10.7B USD
Settlement Cycle: T+3
Most Active Stocks in USD (3m avg volume x Biggest Weight in the Index close) Biggest Weight in the Index
SOLIDERA 600K BLOOM Bank 40%
SOLIDEREB 200K SOLIDERA 16.9%
AUSR 160K BANK AUDI 16.7%
BYB 150K SOLIDEREB 10.8%
BLBD 120K BYLOS 6.2%

Trading

Order Types
  • Limit Order
  • Market to limit orders
  • On first limit orders
  • Execution Conditions – Fill and Kill, Minimum Quantity, Iceberg Orders
  • Order Validity – Good for Day (GFD), Good Till Date (GTD), Good Till Cancel (GTC)
Example Investor ID 757732
Limit Up & Limit Down 5% up, 5% Down
Closing Price Last Traded Price
DMA YES
Tick Sizes
Price From Price To Tick Size (USD)
0 49.99 0.01
50 99.99 0.05
100 499.99 0.10
500 Above 0.50
Price From Price To Tick Size (LBP)
0 49,999.99 10
50,000 99,999.99 50
100,000 4,999,999.99 100
5,000,000 Above 500

General Information

Index: EGX
Working Days:
Mon
Tue
Wed
Thu
Fri
Sat
Sun
Currencies: EGP, EGP/USD 6.035
Working Hours: 9.45am – 2.30 pm (Egypt – GMT+2)
Pre Open Random Closing Open Close
9.45 am 10.15 am 10.30 am 2.30 pm
No of Listed Companies: 213 Companies
Market Capital: 300 B EGP / 50 B USD ($)
Settlement Cycle: T+2
Most Active Stocks in USD (3m avg volume x Biggest Weight in the Index close) Biggest Weight in the Index
COMI 12.7M COMI 12.2%
ORTE 11.9M OCIC 19.9%
OCIC 8.7M ORTEL 9.6%
TMGH 4.1M HRHO 8.2%
CCAP 2.8M TMGH 6.4%

Trading

Order Types
  • Market Order
  • Limit Order
  • Limit Order (Minimum fill, All or none, Fill or kill, Fill and kill )
Example Investor ID 011234567890
Closing Price Average Price
DMA YES
Limit Up & Limit Down

5% up or 10% down the market session will be suspended for 30 minutes, 10% up or 10% down, the session will be suspended for another 30 minutes, Certain symbols are limit down and limit up to 5% only , for the list of symbols please contact us.

Time in Force Restrictions
  • Good till day
  • Good till week
  • Good till month
  • Good till date
  • Good till cancel
Priority
  • Price – the order with the best price has the highest queue priority
  • Cross – the lowest priority is given for matching an order of the same buyer and seller broker
  • Time – at a single price level, time of entry of an order governs its priority on a First in First Out (FIFO) basi
  • Special Term – orders with the least trading restrictions will be given priority over orders with greater restrictions
  • Amend order price or quantity will loss the priority if increase the price, Increase the Quantity, or decrease the price , the only case will not loss the priority if decrease the quantity
General Rules
  • During pre open 10 minutes before open of regular trading orders cant be placed, amended or cancelled
  • Certain stocks have to be traded on within the same day, these stock are reviewed every quarter
  • Market Regulator is The Egyptian Financial Supervisory Authority

Foreign Investor Laws

Foreign investor restrictions are applied to trades on the following symbols.

  • SCEM
  • ABUK
  • SDTI
  • EXPA

Companies traded in another currency other than the local currency.

Symbol Currency
ODHL Swiss Franc
EKHO USD
NAHO USD

Companies Listed on the OTC Market.

The companies listed in the OTC market are as follows:

HCFI INFI
AICR AGIN
RREI AMMS
IEEC ESWE
SNFI INGA
NCGT

No limits ups and limit downs for symbols traded on the OCT Market.

General Information

Index: TUNINDEX
Working Days:
Mon
Tue
Wed
Thu
Fri
Sat
Sun
Currencies: Tunisian Dollar TND TND/USD 1.3983
Working Hours: 9.00 am – 2.05 pm Local Time (GMT +1)
Pre Open Open Pre-Closing Close
9.00 am 10.00 am 2.00 pm 2.05 pm
No of Listed Companies: 50 Companies
Market Capital: 3.5BN USD
Settlement Cycle: T+3
Most Active Stocks in USD (3m avg volume x Biggest Weight in the Index close) Biggest Weight in the Index
SALIM 300K BT 16%
BT 250K BIAT 8.3%
BIAT 220K SFBBT 6.2
NAKL 160K TJARI 5.2%
TRE 140K UIB 4.7%

Trading

Order Types
  • At Best (only in opening session)
  • Limit Order
  • Market
  • Stop Orders
  • Execution Conditions – Fill and Kill, Stop Loss, Stop Limit
  • Order Validity – Good for Day (GFD), Good Till Date (GTD) (Maximum 30 Days)
Example Investor ID EL20069
Limit Up & Limit Down 5% up, 5% Down
Closing Price Last Traded Price
DMA NO
Foreign Ownership

Foreign Ownership in the Tunis Stock exchange varies according to each stock, follow the link below to find a detailed breakdown of foreign ownership.

General Information

Index: MASI – Moroccan All Share Index
Working Days:
Mon
Tue
Wed
Thu
Fri
Sat
Sun
Currencies: Moroccan Dirham (MAD) MAD/USD 8.0702
Working Hours: 9.00 am – 3.30 pm Local Time (GMT +1)
Pre Open Open Pre-Closing Close
9.00 am 10.00 am 3.25 pm 3.30pm
No of Listed Companies: 102 Companies
Market Capital: 16.1 BN USD
Settlement Cycle: T+3
Most Active Stocks in USD (3m avg volume x Biggest Weight in the Index close) Biggest Weight in the Index
AUB 300K IAM 19.8%
BARKA 200K ATW 15.4%
BATELCO 200K ADH 10.4
SALAM 40K BCE 6.3%
ITHMR 30K BCP 5.5%

Trading

Order Types
  • Limit Order
  • Market Orders
  • Execution Conditions (Order Types) (Fill and Kill, Stop Loss, Stop Limit, Agency Cross)
  • An order is valid for a maximum of 30 calendar days
Example Investor ID 4000050340
Limit Up & Limit Down 5% up, 5% Down
Closing Price Last Traded Price
DMA NO

General Information

Index: FTSE 100

Working Days:

Mon
Tue
Wed
Thu
Fri
Sat
Sun
Currencies: GBP or GBX (GDRs traded in USD or EUR)
Working Hours: 08.00 am – 4.30 pm Local Time (GMT)
Pre Open Open Close
07.50 am 08.00 am 04.30 pm
No of Listed Companies: 1,800 Listed Companies on LSE Main Market
Market Capital: $2.84 Trillion (As of December 2011)
Settlement Cycle: T+3 business days (excluding margin accounts and negotiated settlements)
Most Active Stocks in USD (3m avg volume x Biggest Weight in the Index close) Biggest Weight in the Index
CYAN HSBC 6.77 %
LLOY Vodafone 5.72%
YELL BP 5.64%
VOD Royal Dutch Shell 5.37%
BARC

Trading

Order Types
  • Limit Order
  • Market
  • Order Validity – Good for Day (GFD), Good Till Date (GTD)

General Information

Index: NASDAQ Composite (tracking symbol: QQQ)

Working Days:

Mon
Tue
Wed
Thu
Fri
Sat
Sun
Currencies: USD (United States Dollar)
Working Hours: 09.30 am – 04.00 pm Local Time (US Eastern Standard Time)
Pre Open Open Close
9.00 am 09.30 am 04.00 pm
No of Listed Companies: 2,784 Listed Companies
Market Capital: $13.55 Trillion (As of December 2011)
Settlement Cycle: T+3 business days (excluding margin accounts and negotiated settlements)
Most Active Stocks in USD Biggest Weight in the Index
SIRI Apple 12.47 %
MSFT Microsoft 5.63%
INTC Oracle 3.39%
QQQ Google 3.32%
MU

Trading

Order Types
  • Limit Order
  • Market
  • Stop
  • Stop Limit
  • Order Validity – Good for Day (GFD), Good Till Date (GTD)
NASDAQBB and NASDAQOT listed shares can be traded only over the telephone with our dealing desk +97 317600105

General Information

Index: Dow Jones Industrial Average

Working Days:

Mon
Tue
Wed
Thu
Fri
Sat
Sun
Currencies: USD (United States Dollar)
Working Hours: 09.30 am – 04.00 pm Local Time (US Eastern Standard Time)
Pre Open Open Close
9.00 am 09.30 am 04.00 pm
No of Listed Companies: Over 8,000 Listed Companies
Market Capital: $14.242 Trillion (As of December 2011)
Settlement Cycle: T+3 business days (excluding margin accounts and negotiated settlements)
Most Active Stocks in USD Biggest Weight in the Index
CHK IBM 11.04 %
BAC Chevron 6.32%
NOK McDonalds 5.41%
F 3M 5.33%
S

Trading

Order Types
  • Limit Order
  • Market
  • Stop Orders
  • Stop Limit
  • Order Validity – Good for Day (GFD), Good Till Date (GTD)

General Information

OPRA is the securities information processor for market information generated by trading of securities options in the United States. OPRA (Options Price Reporting Authority) is a national market system plan that governs the process by which options market data are collected from participant exchanges, consolidated, and disseminated. Consolidated data help ensure that broker-dealers, markets, and investors have the best prices available for an option, from all markets trading that option class. It assists customers in setting the terms of their orders and in monitoring how well their brokers execute their orders. Consolidated data also assist brokers and markets in providing the best execution possible for an order. Also involved in the Options pricing and information distribution is The Options Clearing Corporation (OCC). OCC, founded in 1973, is the world’s largest equity derivatives clearing organization. We are dedicated to promoting stability and financial integrity in the marketplaces that we serve by focusing on sound risk management principles. By acting as guarantor, we ensure that the obligations of the contracts we clear are fulfilled.

Working Days:
Mon
Tue
Wed
Thu
Fri
Sat
Sun
Currencies: USD (United States Dollar)
Working Hours: 09.30 am – 04.00 pm Local Time (US Eastern Standard Time)
Pre Open Open Close
9.00 am 09.30 am 04.00 pm
Settlement Cycle: T+3 business days (excluding margin accounts and negotiated settlements)
Most Active Stocks in USD Biggest Weight in the Index
SIRI Apple 12.47 %
MSFT Microsoft 5.63%
INTC Oracle 3.39%
QQQ Google 3.32%
MU

Trading

Order Types
  • Limit Order
  • Market
  • Stop
  • Stop Limit
  • Order Validity – Good for Day (GFD), Good Till Date (GTD)

How to compute Options trade cost

  • (***for index equity options the control factor is 50 shares)

Number of Contracts multiplied by BID or ASK price for the contract multiplied by number of shares

controlled = trade value.

To calculate options trade commission:

$10 flat fee + $1.25 per contract.

Or

$10 flat fee + $1 per contract.