Riyadh – Mubasher: The listing of the Saudi Stock Exchange (Tadawul) on both FTSE Russell and MSCI indices will generate around $17 billion (SAR 64 billion) cash inflows by March 2020.
After Tadawul received the first tranche of cash inflows in March 2019, which ranged between SAR 2.2 billion and SAR 2.6 billion, the market’s main index went up 4%, Jadwa investment stated.
FTSE Russell listed Tadawul to its emerging market index on 28 March 2018.
Jadwa expected that the Saudi oil exports will decline to 7 million barrels per day (bpd) in March, compared to 10.13 million bpd in February.
