Saudi Tadawul expects $3 bln additional inflows from FTSE inclusion - chairwoman - Reuters:
The Saudi Stock Exchange (Tadawul) expects additional passive funds’ inflows worth $3 billion from the remaining phases of inclusion in the FTSE Russell emerging market index starting in September, its chairwoman said.
The Middle East’s largest bourse is also expected to launch the first exchange-traded derivative product - an index futures contract based on the MSCI Tadawul 30 Index - in the fourth quarter of 2019, Sarah al-Suhaimi told Reuters.
The kingdom opened its stock market to foreign investors in 2015. It has since introduced a raft of reforms to make it attractive to foreign investors and issuers and to expand its institutional investor base, as part of an ambitious plan to diversify the economy away from hydrocarbons.
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