Riyadh – Mubasher: Jadwa Investment expected the Saudi Stock Exchange’s (Tadawul) main Tadawul All Share Index (TASI) to jump 20% to 10,000 points during the current period until the beginning of 2019.
The Saudi Arabia-based research firm also forecast major investors to pump liquidity in the stock market before joining Morgan Stanley and FTSE Russell indices for emerging markets (EM), according to a recent report.
Jadwa further noted that potential listing of the Saudi bourse in Morgan Stanley is one of main procedures that boosted TASI’s performance in the second quarter of 2018.
Jadwa is also projecting about $15 billion inflows to be invested in the Saudi bourse ahead of 2019-end after joining Morgan Stanley and FTSE Russell.
