Saudi CMA suspends trading on HSBC Saudi ETF's units today

22/12/2019 Argaam

The Capital Market Authority (CMA) suspended trading on the units of HSBC MSCI Tadawul 30 Saudi ETF today, Dec. 22, the Kingdom’s market regulator said in a statement to Tadawul.

 

The suspension has been imposed following the request of HSBC Saudi Arabia, the fund manager , to rebalance the fund’s basket to the new index components, the statement added.

 

The statement further noted that the trading of the fund’s units will resume on Dec. 23.

 

In a separate statement, HSBC Saudi Arabia announced that subscription and redemption requests for HSBC MSCI Tadawul 30 Saudi ETF units will be suspended as of today.

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