Saudi Arabia: Stock market index boost

Global indexing company FTSE Russell launched a FTSE Saudi Arabia Inclusion Index Series on 29 October, comprising a stand-alone index for the kingdom and another which includes constituents of various regional and global FTSE indices. It is a further endorsement of moves to open the Saudi Stock Market (Tadawul) to investors since 2015. Al Rajhi Capital Research described it as a “major boost” to the local market. FTSE Russell expects Saudi Arabia to qualify as a secondary emerging market within the widely-followed FTSE Global Equity Index Series from early 2018.