Tadawul to extend closing auction on April 30 ahead of FTSE tranche 2 inclusion

21/04/2019 Argaam

 

The Saudi Stock Exchange (Tadawul) will extend the closing auction session to 20 minutes (instead of 10 minutes) on April 30 only, the exchange said in a statement on Sunday.

 

The extension comes ahead of the second stage of inclusion in FTSE Russell Emerging Market Index starting May 1 based on closing prices on April 30.

 

The inclusion factor will be at 15 percent, the statement added.

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