UPDATE 1-Saudi bourse says IPOs to increase, futures to aid foreign funds | Reuters:
The Saudi Stock Exchange expects share listings to pick up next year while the launch of stock index futures should smooth an influx of money from overseas, its chief executive said on Wednesday.
The Saudi market, with a capitalisation of about $500 billion, is bracing for heavy inflows of foreign funds in 2019 — analysts predict $20 billion or more — as it joins emerging market indexes compiled by MSCI and FTSE Russell.
Absorbing that amount of money without destabilising stock prices may be difficult. But Khalid al-Hussan said authorities were working on several initiatives to deepen the market with initial public offers of equity, helping to make it more stable.
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