Saudi stocks will have potential 2.3 per cent weighting on MSCI Emerging Markets Index - The National

Saudi stocks will have potential 2.3 per cent weighting on MSCI Emerging Markets Index - The National:

"Saudi stocks will account for a potential 2.3 per cent weighting in MSCI’s Emerging Market Index in the event of an expected upgrade of the kingdom’s equities to the widely tracked measure, the index provider said in a presentation. The 2.3 per cent weighting would make it the third biggest market in the EMEA region on the index behind South Africa with 6.7 per cent and Russia with 3.4 per cent. The kingdom’s weighting will increase following the completion of the initial public offering of Saudi Aramco, currently slated for late 2018, the index provider said. MSCI last June added Saudi stocks to a watch-list for possible inclusion in its Emerging Market index, after the country passed a series of market reforms. These included easing requirements for the ownership of equities by foreign investors, reducing settlement cycles and introducing short-selling."



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