Saudi Stock Exchange (Tadawul) is all set to launch the second and last phase of MSCI inclusion on August 28, based on closing prices of the previous day, according to MSCI Equity Indexes August 2019 Index Review issued recently.

 

The inclusion will increase the weight of Saudi Arabian securities from 1.45% to 2.83% in the MSCI Emerging Markets 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 May 28, it added.-TradeArabia News Service