MSCI announces inclusion of Saudi Arabia in Emerging Market index

14/05/2019 Argaam

 

Global index provider MSCI Inc on Monday announced it would include the MSCI Saudi Arabia Indexes in Emerging Markets Indexes.

 

The changes will take place as of the close of May 28, 2019.

 

On Monday, MSCI also announced the results of the May 2019 Semi-Annual Index Review for the MSCI Equity Indexes.

 

Also read: Here is Tadawul's road to MSCI Emerging Market index inclusion

 

“Coinciding with this index review, MSCI will implement the first step of the inclusion of the MSCI Saudi Arabia Indexes in the MSCI Emerging Markets Indexes,” a statement said.

 

MSCI said 30 Saudi Arabian securities would be added at half of their Foreign Inclusion Factor-adjusted market capitalization, representing an aggregate weight of 1.42 percent in the MSCI Emerging Markets Index.

 

The second and final step of the inclusion will coincide with the August 2019 Quarterly Index Review, it added.

 

In addition to Saudi Arabia, MSCI also announced inclusion of the MSCI Argentina Indexes in emerging markets index and weight increase of China A Shares in emerging market index.

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