|08 August, 2019

Saudi Tadawul to start last phase of MSCI inclusion on August 28

The inclusion will increase the weight of Saudi Arabian securities to 2.83%

Screens within the Saudi stock exchange showing trading data. Image used for illustrative purpose.

Screens within the Saudi stock exchange showing trading data. Image used for illustrative purpose.

TADAWUL

Riyadh –   The Saudi Stock Exchange (Tadawul) will start the second and last phase of MSCI inclusion on Wednesday, 28 August, based on closing prices of 27 August, according to MSCI Equity Indexes August 2019 Index Review issued late Wednesday.

The inclusion will increase the weight of Saudi Arabian securities from 1.45% to 2.83% in the MSCI Emerging Markets Index.

Earlier in May, MSCI noted that it will add 30 Saudi securities, representing an aggregate weigh of 1.42%, in the MSCI EM Index as of the close on 28 May.

Source: Mubasher

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