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Thursday, 26 January 2017

MSCI welcomes Saudi reforms, repeats it may launch EM inclusion review in June | Reuters

MSCI welcomes Saudi reforms, repeats it may launch EM inclusion review in June | Reuters:

"International equity index compiler MSCI said it welcomed reforms of the Saudi Arabian stock market and reiterated that it could launch in June a review of whether to include Saudi Arabia in its emerging market index. "MSCI specifically recognizes the extent and the pace of change undertaken by the Saudi Arabian authorities to open the local equity market to international institutional investors. MSCI will continue to monitor these positive developments," it said in a statement late on Wednesday. On the possibility of classifying Saudi Arabia as an emerging market, which would draw billions of dollars of international funds to the bourse, MSCI said:"



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