The sale and purchase of shares in Saudi Arabia has been suspended for one day.
According to Arab media, the buying and selling of shares of two local banks in the Saudi shares market has been suspended at the request of the two local banks.
The Tadal All Shares Index said that Bank Al-Ahly (NCB) has demanded that the sale and purchase of its shares be stopped for one day on Sunday.
"As per the rules of Tadawal, the sale and purchase of all its shares has been stopped at the request of the bank," Tadawal said.
Explaining the reason for stopping the sale and purchase of its shares, the bank said, "An important and fundamental thing is about to be announced."
The Tadawul All Shares Index said that "Samba Bank has made similar demands since then."
"An important and fundamental announcement is expected," Samba Bank said, calling for a one-day moratorium on buying and selling of its shares.
