FTSE Russell Emerging Index funds will begin trading on the Saudi Stock Exchange (Tadawul) today, Mar. 14, with all transactions executed at 10 percent of the Saudi market capitalization on the index, sources close to the matter told Argaam on Thursday.

 

“Most transactions will be executed during Tadawul’s closing auction, when investors will determine stock prices through buy and sell orders to set the fair price,” they said.

 

The closing auction starts after the regular trading hours from 3:00 pm to 3:10 pm.

 

Two days ago, Tadawul announced that the first phase of the FTSE Russell and S&P DJI Emerging Markets will begin on Monday, Mar. 18, 2019, based on Mar. 14 closing prices, Argaam reported.

 

On March 28, 2018, index provider FTSE Russell promoted Saudi Arabia to emerging secondary market status, starting from March 2019. The inclusion is expected to be fully completed by December 2019.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Tadawul's inclusion in FTSE, S&P indices begins on March 18
Tadawul's 5-tranche inclusion in FTSE index starts this month

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request