Saudi Arabia takes first step into foreign equity benchmarks | Financial Times:
Saudi Arabia’s $536bn stock market took its first step into the world’s main equity benchmarks on Monday when it was admitted into indices run by FTSE Russell and S&P Dow Jones.
The moves will be added to in June, when Saudi stocks will be added to the widely followed MSCI Emerging Markets index, which MSCI says is tracked by $1.9tn of assets.
Saudi Arabia’s stock market, known as the Tadawul, is projected to be the eighth-largest bourse in the MSCI EM index by September, when it is fully included, with a weight of 2.7 per cent, according to Renaissance Capital. That is greater than Mexico, Indonesia and Poland.
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