The first phase of Saudi Arabia’s inclusion on MSCI Emerging Markets Index officially kicks off today, following the listing of 30 Saudi securities as of the close on May 28.
The 30 Saudi companies represent an aggregate weight of 1.42 percent. Tuesday was the first tranche inclusion and the second is expected in August. Both will result in attracting around SAR 37.5 billion in passive inflows.
Read more: These are the 30 Saudi stocks joining MSCI today
On May 28, the Saudi Stock Exchange (Tadawul) extended the closing auction session to 20 minutes, instead of the usual 10 minutes.
Timeline: Saudi inclusion on MSCI |
||
Month |
First phase |
Second phase |
Date |
29 May 2019 |
29 August 2019 |
Value |
50% |
50% |
Total Value |
50% |
100% |
Passive inflows |
18.75 |
18.75 |
Comments
{{DisplayName}}
{{ElapsedTime}}