Tadawul to extend closing auction on June 20

16/06/2019 Argaam

 

The Saudi Stock Exchange (Tadawul) on June 20 will extend the 10-minute closing auction session an additional 10 minutes, ahead of the third tranche of its inclusion on the FTSE Russell Emerging Market Index.

 

The third tranche of the FTSE inclusion will begin on June 24, based on closing prices on June 20.

 

The inclusion factor will be at 25 percent, the statement added.

 

Timeline: Tadawul’s FTSE Inclusion

Stages

Tranche 1

Tranche 2

Tranche 3

Tranche 4

Tranche 5

Review date

March 18

May 1

June 24

Sept. 23

March 23, 2020

Tranche size

10 %

15 %

25 %

25 %

25 %

Total

10 %

25 %

50 %

75 %

100 %

Non-active investments

SAR 1.8 bln

SAR 2.7 bln

SAR 4.5 bln

SAR 4.5 bln

SAR 4.5 bln

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