Five Saudi companies also added to, and three deleted, from the widely followed index after its semi-annual review
MSCI Emerging Market Index
Latest in MSCI Emerging Market Index
ADNOC Gas
UAE’s DEWA, ADNOC Gas and Salik included in MSCI Emerging Markets Index
Inclusion scheduled for June 2; Will lead to increased liquidity as the index is widely tracked by passive funds that replicate its performance
China
MSCI emerging markets index: India loses top spot to China due to record foreign outflows
China’s weight in the index rose to 24.72% in October from 21.58% in August, driven by a sharp rally in Chinese equities
emerging market
India overtakes Taiwan to regain spot on MSCI EM Index
Taiwan led over India after Mumbai indices were rattled by the $150 billion wealth erosion in Adani Group shares late January
MSCI Emerging Market Index
Saudi Arabia’s Tadawul posts profits rise to $75.9m
Profits rise follows upgrading of Saudi Stock Exchange to emerging market status and was included on three global index providers
Boursa Kuwait
Boursa Kuwait chairman hails MSCI decision as ‘game changer’
Hamad Al-Humaidhi says reclassification is an ‘important milestone’ which will bolster the country’s standing on the global investment map
MSCI
Kuwait wins MSCI upgrade to emerging market starting in 2020
Kuwait will now have to compete for the attention of money managers that invest in much bigger markets such as China, India, Brazil, Russia and neighbouring Saudi Arabia
emerging market
MSCI adds Saudi to emerging-market indexes
MSCI said the Saudi stocks will join its indexes as of the close of trading on May 28
BlackRock
US, UK investors flock to Saudi-focused funds
Exchange-traded funds in the US and the UK focused on Saudi Arabian equities are piling up new money this year
ADX
First Abu Dhabi Bank seen extending rally as index review nears
The state-controlled lender alone represents 43 percent of Abu Dhabi’s ADX General Index, which is up 11 percent this year
Ali Janoudi
Foreign capital inflows expected to rise significantly in the Gulf, says UBS
UBS CIO expands coverage in wake of rising foreign investment in Middle East, particularly in Saudi Arabia
FTSE
Saudi’s Tadawul forecast to hit 10,000 points mark on new status
Jadwa Investment says inclusion in FTSE and MSCI Emerging Markets to bring at least $15bn in inflows by end-2019
emerging market
S&P Dow Jones to classify Saudi Arabia as emerging market
S&P Dow Jones’ announcement follows similar moves from MSCI and FTSE, which collectively are expected to translate into $50 billion in inflows
equity market
Video: What will MSCI’s emerging market status mean for Saudi Arabia?
In a highly significant but not unexpected move, global index compiler MSCI has reclassified Saudi Arabia as an emerging market, a milestone that experts believe will lead to significant inflows of foreign capital and provide a boost to the kingdom’s economy.
equity market
$45bn in capital inflows to Saudi after MSCI emerging markets inclusion
UBS Global Wealth Management believes $10 billion will be from passive and $35 billion from active investments
Financial markets
Opinion: Making market turbulence work in your favour
With trade wars, declining consumption and simmering political tensions impacting the market, there are still fortunes to be made with the right preparations, writes Martin-Blessing, co-president, UBS Global Wealth Management
Franklin Templeton Investments
Franklin Templeton Investments planning Saudi ETF
There’s only one such fund currently – the iShares MSCI Saudi Arabia ETF – which has $269 million in assets