Monthly markets round-up: Saudi's attempt to woo passive funds pays first big dividend | ZAWYA MENA Edition:
"Saudi Arabia’s stock exchange, Tadawul, saw its index rise 6 percent during the month of March as investors anticipated that it would be included onto the secondary FTSE Russell emerging market index. FTSE Russell confirmed this in an announcement on March 28, which was immediately welcomed by Tadawul’s chief executive, Khalid Al Hussan. He said the decision “indicates growing investor confidence in the Saudi capital market and recognition that we are among the largest and most liquid emerging markets in the world”."
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