At the ceremony to list shares of KEIR International in the Saudi Exchange (Tadawul) Nomu (Parallel) Market, Mohammed Al-Rumaih, CEO of Saudi Exchange, presented a gift of a stock market bell and hammer to Mohammed Al Dhalaan, Founder and Chairman of KEIR International. The ceremony was held on July 17, 2022, at the Saudi Exchange Media Center in Riyadh, Saudi Arabia.
The bell and hammer are reminiscent of what has been used traditionally on trading in renowned exchanges such as the New York Stock Exchange (NYSE). At the NYSE, “the signal marking the start of the trading at the stock market was originally a gavel. In the late 1800s, the gavel was substituted with a gong to start and end the trading session.” It was in the early 1900s that the bell started to be used.