Saudi Stock Market to See MSCI Index Adjustments

Reports released on Monday revealed that the Saudi stock market is set to implement adjustments to the MSCI Emerging Markets Index after the close of today's trading session. These changes are part of the November 2024 index review.

The adjustments are anticipated to result in net inflows of approximately 584 million riyals into the Saudi stock exchange, highlighting the continued interest of global investors in the region's markets.

As part of its review, MSCI announced the inclusion of four Saudi companies—Maiyana, Rusun, Riyadh Cement, and Samasco—to its index, while Najran Cement and Sahl Financing were removed. These changes underscore the pivotal role of global indices in channeling investments and bolstering capital inflows into local and regional markets.

For context, MSCI is a leading global provider of equity and fixed-income indices, hedge fund benchmarks, and multi-asset portfolio analysis tools, supporting investors in navigating complex market dynamics worldwide.

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