FTSE Russell implements periodic changes to Saudi market today

16/03/2023 Argaam
Tadawul trading screen

Tadawul trading screen


Global index provider FTSE Russell will implement today, March 16, the changes announced as part of its semi-annual index review on March 2, 2023, which will be effective as of Monday, March 20.

 

FTSE Russell was scheduled to implement its changes by closing on March 17. However, as the date falls on Friday, the changes will be made today, during the closing auction and trading periods at the closing price.

 

FTSE made changes to Saudi stocks in its indices, as the following table shows:

 

FTSE Russell Changes in Details

Company

Decision

Sipchem

Downgraded from Large to Mid Cap index

Yansab

Downgraded from Large to Mid Cap index

Saudi Ground Services

Downgraded from Mid to Small Cap index

Aldawaa

Listed in Small Cap index

AMAK

Listed in Small Cap index

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