MSCI to launch tradeable index with Saudi exchange in Q4 | Reuters:
Global index provider MSCI said on Tuesday it had signed an agreement with the Saudi Stock Exchange Co (Tadawul) to jointly launch a tradeable index later this year in a move that could spur the growth of derivatives and exchange-traded funds.
Tadawul said in a separate statement it would introduce exchange-traded derivatives in the first half of 2019.
The moves come after MSCI classified Saudi Arabian equity market as an emerging market in June, which is expected to attract billions of dollars of passive funds.
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