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Tue 28 Aug 2007 12:17 AM

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Saudi bourse hours to change for Ramadan

Daily trading at Saudi Stock Exchange will be shortened by 30 minutes during month of Ramadan.

Daily trading hours at Saudi Arabia's stock market will be shortened by 30 minutes during the holy month of Ramadan, the Capital Markets Authority said.

The Saudi bourse will be open from 11:00am local time (0800 GMT) to 3:00pm (1200 GMT) during the month of fasting, which regional astronomers have said would likely begin on Sept. 13.

The fast begins at the sighting of the new moon.

The Saudi bourse will be closed for nine days for the Muslim feast of Eid al-Fitr which marks the end of the month of fasting, the CMA added in statement posted on the bourse Web site.

The last day of trading will be Wednesday Oct. 10 and trading will resume on Saturday Oct. 20.