Not enough trading days in the week? From today you can trade on a Sunday courtesy of online trading firm UFX.com. The firm has become one of the first online trading companies in the world to offer trading opportunities on Middle East stocks.
The 15 stocks, 10 from Saudi Arabia and five in Egypt, cover sectors including property, agriculture, mining and telecommunications. Investors can trade companies such as Al Rajhi Bank, the world’s largest Islamic bank; the chemical and steel manufacturer Saudi Basic Industries; and textiles & clothing firm Arab Cotton Ginning Company.
Dennis de Jong, managing director at UFX.com, said: “This is a game changing move in the online trading world. Up until now no-one has been able to play the markets online on a Sunday, but now UFX.com clients can trade 15 interesting Middle East stocks.
“We have been planning this for some time and I’m so proud that we’ve managed to achieve it. We are really excited about delivering this new six-day service to our clients.”