General Information

Index:ADXGI

Working Days:Mon Tue Wed Thu Fri Sat Sun

Currencies:AED (UAE Dirham)

No of Listed Companies:64 Companies

Market Capital:$75.6 billion source: AM (As of March)

Settlement Cycle:T+2 (custody accounts)

Trading

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

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

No of Listed Companies:74 Companies

Market Capital:$ 10.8 billion USD: AMF March 2011

Settlement Cycle:T+2 (custody accounts)

Trading

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

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

No of Listed Companies:148 Companies

Market Capital:$ 135 B USD: AMF March 2010

Settlement Cycle:T+0 (Prefunded)

Trading

Time in force restrictions

• Good-till-day
• Good-till-week
• Good-till-month

General Rules

• Amending order quantity will result in the order losing priority.
• Market Regulator is Capital Market Authority CMA

Tick Sizes

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

No of Listed Companies:232 Companies

Market Capital:117.9 USD Billion AMF March 2010

Settlement Cycle:T+2 (custody accounts)

Trading

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

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

No of Listed Companies:45 Companies

Market Capitalization (QE Index):$ 47.6 billion USD AMF March 2010

Settlement Cycle:T+3 (custody accounts)

Trading

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

No of Listed Companies:76 Companies

Market Capital:15.9BN USD

Settlement Cycle:T+2 (custody accounts)

Trading

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

Stocks Traded in USD

Tick Sizes

Stocks Traded in Bahrain Dinars

Stocks Traded in USD

List of Companies and Traded Currency

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:OMR (Omani Riyal), ORM/USD 0.385

No of Listed Companies:190 Companies

Market Capital:5.8 USD Billion

Settlement Cycle:T+3 (custody accounts)

Trading

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

No of Listed Companies:271 Companies

Market Capital:4.2BN USD

Settlement Cycle:T+3

Trading

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

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

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

No of Listed Companies:26 Companies

Market Capital:10.7B  USD

Settlement Cycle:T+3

Trading

Tick Sizes

General Information

Index:EGX

Working Days:Mon Tue Wed Thu Fri Sat Sun

Currencies:EGP, EGP/USD 6.035

No of Listed Companies: 213 Companies

Market Capital: 300 B EGP / 50 B USD ($)

Settlement Cycle:T+2

Trading

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) basis.
• 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.

Companies Listed on the OTC Market.

The companies listed in the OTC market are as follows:

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

No of Listed Companies:50 Companies

Market Capital:3.5BN USD

Settlement Cycle:T+3

Trading

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

No of Listed Companies:102 Companies

Market Capital:16.1 BN USD

Settlement Cycle:T+3

Trading

General Information

Index: FTSE 100

Working Days:Mon Tue Wed Thu Fri Sat Sun

Currencies: GBP or GBX (GDRs traded in USD or EUR)

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)

Trading

General Information

Index: NASDAQ Composite (tracking symbol: QQQ)

Working Days:Mon Tue Wed Thu Fri Sat Sun

Currencies: USD (United States Dollar)

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)

Trading

General Information

Index: Dow Jones Industrial Average

Working Days:Mon Tue Wed Thu Fri Sat Sun

Currencies: USD (United States Dollar)

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)

Trading

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)

Volume: http://www.theocc.com/webapps/exchange-volume

Settlement Cycle: T+3 business days (excluding margin accounts and negotiated settlements)

Trading

How to compute Options trade cost

1 equity contract equals or controls 100 underlying shares.

• (***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.