Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) is expected to hike by 15% to 25% during the coming 14 months in case of including the Saudi bourse in emerging market indices such as Morgan Stanley Capital International (MSCI) and FTSE list, Alistithmar Capital (ICAP) said on Wednesday.
Stability of oil prices at forecast levels contributes to boosting the Tadawul, the research firm added, noting that the planned initial public offering (IPO) of Saudi Aramco will spur foreign investors to increase investment in the kingdom's equity market.
The Saudi stock market is forecast to attract SAR 60 billion in investments from non-active inflows, in addition to active inflows worth SAR 140 billion after listing on MSCI and FTSE, Alistithmar Capital added.
The research company noted that the Tadawul has continued growth since the beginning of 2018, exceeding its record level in October 2015.
