Tadawul to begin fifth phase of FTSE inclusion based on March 19 closing prices

The Saudi Stock Exchange (Tadawul) will implement the fifth and final phase of inclusion in FTSE Russell Emerging Market Index with an inclusion factor of 25%, according to a bourse statement.

Divided into 2 tranches, the first phase will be effective on Monday, March 23, based on the closing prices of Thursday, March 19, with an inclusion factor of 25%.

The second phase will be effective in the course of June 2020 with an inclusion factor of 75%. 

Yesterday FTSE Russell announced that it will divide the fifth and final phase of Tadawul’s inclusion in its Emerging Market Index into 2 tranches to reduce risks for market constituents, Argaam reported.

The first phase was included on March 18, 2019, the second phase on May 1, and the third phase on June 24. The fourth phase was included on Sept. 23, 2019.

Saudi Arabia is estimated to have an index weight of 0.25% in the FTSE Global Equity Index Series, and 2.7% in the FTSE Emerging All Cap Index.

*SAR bln