Abstract
The purpose of this paper is to explore the rareness of female Saudi traders in the Saudi stock market. This research employed the use of a cross-sectional study design with the data collection methods being mixed. The study makes use of a structured survey questionnaire and semi-structured interviews. The findings from the study clearly indicated that most of the respondents viewed education as an anchoring factor in breaking down social barriers as well as cultural barriers among the Saudi community. From the practical implications point of view, promoting women’s participation in the stock market will help equality in job opportunities and contribute to wealth creation. Women constitute nearly half of the total population of the Kingdom of Saudi Arabia. The participation of these women in the Kingdom’s economy is significant in terms of the enhancement and contribution to improving the socio-economic prospects of the state.
Highlights
1.1 Background of Saudi WomenThe gender parity in Saudi Arabia is low as compared to other western countries
The study is mainly based on qualitative research design and involves data analysis of the interview responses from a convenience sample of Saudi female stock traders or Saudi women working in stock trading companies in Saudi Arabia, with limited input from the use of qualitative methods
The use of qualitative research methodology is introduced based on the rationale that the study is an investigation of human attitudes as well as behavior, with the research involving an exploration of the phenomenal rareness of Saudi women in stock market participation via their own perceptions (Seznec, 2017)
Summary
1.1 Background of Saudi WomenThe gender parity in Saudi Arabia is low as compared to other western countries. According to the World Economic Forum's 2016 Global, Gender Gap Report ranked Saudi Arabia at 141 out of 144 countries for gender parity, down from 134 out of 145 in 2015 (Hausmann, Tyson, & Zahidi, 2015) This implies that women working and contributing to national income is lower as compared to men. Sharia law does not forbid women from economic and political participation and permits them to work in certain sectors, but the workforce participation rate of Saudi women is among the lowest in the region as cultural teachings reinforce gender differences, granting men pre-eminence and authority over women (Al-Asfour, Tlaiss, Khan & Rajasekar, 2017). Such cultural teachings limit women and act as a general barrier to realization of women's freedom in the social-economic sphere
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