UPDATE 1-Saudi bourse will be ready for inflows after MSCI EM inclusion, stocks rally | Reuters:
"Saudi Arabia’s stock exchange will work with stakeholders to ensure the substantial inflows of capital it is expecting in the coming months will not adversely affect the market, the bourse’s chief executive said on Wednesday. Khalid al-Hussan was speaking to Reuters after MSCI said it would include the Tadawul, as the exchange is known, in its emerging markets benchmark, a move that could draw as much as $45 billion of new capital into the kingdom. MSCI’s decision comes three months after another index provider, FTSE Russell, also gave Saudi Arabia emerging market status, a decision it is estimated will yield a further $30 billion of investor capital."
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