The Saudi Stock Exchange (Tadawul) is pleased to announce today that S&P Dow Jones Indices (S&P DJI), a leading provider of global equity indices, upgraded the Kingdom of Saudi Arabia to "Emerging Market" from its previous "Standalone Market" country classification. The move by S&P DJI follows the recent decisions by MSCI and FTSE Russell to add Saudi Arabia to their respective emerging market indices. The Kingdom will become eligible for inclusion in certain S&P DJI's global benchmark index families in two phases concurring with the March 2019 quarterly rebalancing and the September 2019 annual reconstitution.
read more...↧