Tadawul to extend closing auction session on 30 April

Tadawul to extend closing auction session on 30 April
Second phase of inclusion in FTSE will be implemented on 1 May

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) on Sunday announced the extension of the closing auction session to 20 minutes instead of 10 minutes on 30 April only, according to a statement.

This step comes prior to the second phase of inclusion in FTSE Russell Emerging Market Index as of 1 May based on the closing prices on 30 April, with an inclusion factor of 15%.

On 18 March, the first stage of Tadawul’s inclusion into the FTSE Russell and S&P Dow Jones indices as an Emerging Market was implemented based on the closing prices on 14 March.