MSCI adds 30 Saudi companies to EM Index

MSCI adds 30 Saudi companies to EM Index
MSCI Inc said the stocks of 30 Saudi firms will be added
Saudi Electric
5110
1.26% 16.10 0.20
YANSAB
2290
-1.11% 62.40 -0.70
Saudi Kayan
2350
-1.66% 11.82 -0.20

SAFCO
2020
0.00% 77.00 0.00
BSFR
1050
-2.38% 38.95 -0.95
MAADEN
1211
0.10% 50.00 0.05

BJAZ
1020
-1.42% 15.26 -0.22
Almarai
2280
-1.82% 54.00 -1.00
Jarir
4190
-1.98% 168.00 -3.40

Petro Rabigh
2380
0.00% 19.00 0.00
Catering
6004
0.84% 83.70 0.70
RIBL
1010
-1.28% 26.90 -0.35

ALBILAD
1140
0.00% 25.00 0.00
Bupa Arabia
8210
-2.05% 86.00 -1.80
SABIC
2010
-2.49% 109.60 -2.80

Advanced
2330
-0.72% 55.00 -0.40
Dar Al Arkan
4300
-1.55% 10.14 -0.16
samba
1090
-2.47% 35.60 -0.90

Al Rajhi
1120
-1.71% 68.90 -1.20
NCB
1180
-0.87% 57.00 -0.50
Savola Group
2050
-0.32% 31.60 -0.10

Emaar EC
4220
-2.36% 9.10 -0.22
SIIG
2250
-3.31% 24.56 -0.84
SCC
3030
-1.03% 67.30 -0.70

Tawuniya
8010
-2.05% 66.80 -1.40
STC
7010
-2.62% 104.20 -2.80
Etihad Etisalat
7020
-2.38% 20.50 -0.50

TASNEE
2060
-1.84% 16.04 -0.30
SABB
1060
0.51% 39.60 0.20

Riyadh – Mubasher: MSCI Inc. has added the MSCI Saudi Arabia index to its emerging-markets index (EM Index), according to MSCI’s semi-annual index review.

The US-based index compiler said the stocks of 30 Saudi firms will be added, accounting for an aggregate weight of 1.42% in the MSCI Emerging Markets Index.

The stocks which will be listed are Advanced PetrochemicalAl Rajhi BankAl marai CoBank AlJaziraBank AlbiladBanque Saudi Fransi (BSF)Bupa Arabia for Cooperative Insurance Companyand The Company for Cooperative Insurance (Tawuniya).

The list of the Saudi securities also includes Dar Alarkan Real Estate Development Company (Dar Alarkan)Emaar The Economic CityEtihad Etisalat Co (Mobily)Jarir Marketing Company, and National Commercial Bank (NCB).

National Industrialization Co (Tasnee)Rabigh Refining and Petrochemical Co. (Petro Rabigh)Riyad BankSamba Financial GroupSaudi Airlines Catering CompanySaudi Arabian Fertilizer Company (SAFCO), and Saudi Arabian Mining Company (Ma’aden) will be also included to the EM Index, the world’s largest index provider noted.

MSCI Inc said that the inclusion also comprises Saudi Basic Industries Corporation (SABIC)The Saudi British Bank (SABB)Saudi Cement Co, Saudi Electricity Co (SEC), Saudi Industrial Investment Group (SIIG)Saudi Kayan Petrochemical CoThe Saudi Telecom Co (STC)Savola GroupYanbu National Petrochemical Company (Yansab), and Alinma Bank.

MSCI Inc conducts its semi-annual review in May and November each year.

In January, MSCI Inc and the Saudi Stock Exchange (Tadawul) launched tradeable index which includes the 30 biggest firms listed on the kingdom’s bourse.