Saudi Arabia: ‘meaningful’ foreign interest to come post MSCI inclusion | GulfNews.com:
"Equity markets in Saudi Arabia, slated to open for foreigners from June 15, may witness “meaningful interest” in terms of foreign flows only in 2016, when the $550 billion (Dh2.01 trillion) market may be included on the MSCI index, officials at Credit Suisse told Gulf News.
The Capital Markets Authority (CMA) is planning to allow in foreign investors from June 15, a move closely watched by the global fraternity, as the world’s biggest exporter of petroleum allows investors to own shares of Saudi Basic Industries and Saudi Telecom.
The Saudi Tadawul index has been the best performer in the region, with gains of more than 18.5 per cent so far this year, compared to the Dubai index, which has gained 11 per cent"
'via Blog this'
No comments:
Post a Comment