The Saudi stock market is expected to undergo a paradigm shift in 2018, on speculation that it may be included into the emerging markets index by mid-2018, Falcom investment bank said in a report.
The stock market is forecast to record robust performance over the coming 12 months, backed by cash inflows and lower perceived risks, the report said.
Since June 2017, the MSCI set the Saudi Stock Exchange (Tadawul) on its watch list for inclusion. A final decision is expected by mid this year, the investment bank said.
Saudi Arabia’s possible inclusion into emerging markets index will lure more foreign investors and boost market depth.
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