Opening up of Saudi markets a strong catalyst for MSCI or S&P review | GulfNews.com:
"The Saudi equity market could be a strong candidate for an upgrade by the global indices provider like the MSCI or the S&P depending on its size and liquidity after it opens up for foreign investors, industry participants said on Sunday.
The Tadawul All Share Index has gained 14.8 per cent so far in the year, lagging behind the performance of its regional counterparts like Dubai, which has already been upgraded by the MSCI.
Foreign institutional investors are expected to begin direct trading of Saudi Arabian stocks before April next year, a news report said, quoting unnamed sources."
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