MSCI to announce emerging markets watchlist on June 20

Saudi Arabia’s Tadawul is among stock markets aiming for inclusion on the list

A Saudi investor monitors the stock exchange at the Saudi Stock Exchange. (Fayez Nureldine/AFP/Getty Images)

A Saudi investor monitors the stock exchange at the Saudi Stock Exchange. (Fayez Nureldine/AFP/Getty Images)

Stock exchanges including Saudi Arabia’s Tadawul will learn next week whether they have been placed on the MSCI’s latest review list for inclusion in its emerging markets index.

Robert Ansari, executive director, head of the Middle East at MSCI, told Arabian Business on Thursday: “The MSCI will announce its annual market classification review list at 10.30pm CET on the 20th June.”

Last year, the Tadawul did not make the list despite having announced a string of market reforms intended to achieve emerging market status. Many of these are intended to take effect from 2018.

MSCI said at the time it would “continue to monitor the positive evolution in the opening of the Saudi Arabian equity market for international institutional investors”.

A statement from Bank of America Merill Lynch ahead of next week’s announcement said: “The potential MSCI EM watch list announcement in mid-June and possible Aramco initial public offering (IPO) in 2018 are likely to fundamentally alter capital markets and aid diversification efforts, partly through investments led by [sovereign wealth fund] the Public Investment Fund.”

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

NOTE: Comments posted on arabianbusiness.com may be printed in the magazine Arabian Business

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Does the Saudi IPO signal the end of the age of oil?

Does the Saudi IPO signal the end of the age of oil?

Saudis may want to capitalise on an asset that’s only going to...

China paves way for market-based IPO system

China paves way for market-based IPO system

A new law would let companies, not regulators, determine when...

Trading from the frontline in Palestine

Trading from the frontline in Palestine

Palestine’s economy has been crippled by the war on Gaza but...

Most Discussed
sponsoredTracking