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Tadawul to start last phase of MSCI inclusion on 28 August

Tadawul to start last phase of MSCI inclusion on 28 August
The inclusion will increase the weight of Saudi Arabian securities to 2.83%

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) will start the second and last phase of MSCI inclusion on Wednesday, 28 August, based on closing prices of 27 August, according to MSCI Equity Indexes August 2019 Index Review issued late Wednesday.

The inclusion will increase the weight of Saudi Arabian securities from 1.45% to 2.83% in the MSCI Emerging Markets Index (MSCI EM Index).

Earlier in May, MSCI noted that it will add 30 Saudi securities, representing an aggregate weigh of 1.42%, in the MSCI EM Index as of the close on 28 May.