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The net inflow of qualified foreign investors reached 12.3 billion riyals Since the beginning of the year
Jadwa Investment Company was expected to rise in the index Saudi Tadawul market of at least 20% between the current and the beginning of 2019 to reach ten thousand "The inclusion of the Saudi stock market in the MSCI Emerging Markets Index, as well as the Improved confidence levels associated with rising oil prices, and some of the contributing factors at the macro level in the TASI index rise by 7 percent in the second quarter of 2018. "
& nbsp; & nbsp; & nbsp; & nbsp; & nbsp; Index has risen from the beginning of the year to date 17%, making it the best stock market performance, compared to leading global and regional indicators. Even more impressive, the performance came at a time when emerging market equities were losing ground as global investors reduced their bond and emerging market shares in recent months.
Total net purchases of swap agreements and purchases by qualified foreign investors In the second quarter of 2018, reaching 4.4 trillion rials, the total net inflows of qualified foreign investors reached 12 , 3 billion riyals since the beginning of the year. For the future, we anticipate that the inclusion of TASI in the MSCI Emerging Markets Index and the FTSE Russell Emerging Markets Index will result in a flow of inactive assets from the market. at least $ 15 billion by the end of 2019.
Jadwa was waiting for active investors to enter the Saudi market shortly before joining TASI, which should allow TASI to behave better like in other regional stock markets before joining the MSCI Emerging Markets Index. 19659003] According to the report continued the Saudi market index "TASI" rise Part of these gains in the first quarter of 2018 stemmed from the announcement by the Kingdom of an expansionary budget for 2018, d & # 39; An improvement in investor confidence due to rising oil prices, adjustments to CMAs and the inclusion of TASI in the FTSE Russell Emerging Markets Index. Although some of the factors mentioned also contributed to the second quarter earnings of 2018, investors expected the Saudi stock market Tadawul to be included in the MSCI Emerging Markets Index, which was already realized later. . In late June, Morgan Stanley decided to upgrade Tadawul to emerging markets, marking the culmination of three years of preparations and adjustments that opened the Saudi market to qualified foreign investors in mid-2015.
Emerging Markets and the FTSE Russell Emerging Markets Index have sped up a significant inflow of capital from qualified foreign investors since the beginning of the year, but it is important to point out that this factor is not a factor. Is not the only reason for the increase of inflows. Indeed, we believe that a heightened confidence in the nature and direction of the structural economic reforms, which were part of the Kingdom's Vision 2030, served as a basis to facilitate the flow of such investments into the market. Saudi scholar.
June 21, 2018 Annual market quotes, as the Saudi market will move to emerging markets status. According to the review, the accession process will run in two phases, the first in May 2019 and the second in August 2019. According to the Morgan Stanley Index, the Saudi market will represent about 2.6% Morgan Stanley Emerging Markets total index.
Morgan Stanley, which was released in May 2018, has assets worth more than $ 1.9 trillion worldwide, guided by its Emerging Markets Index, of which 25 or 30% , according to the director of the Saudi stock market, are inactive. In addition, according to these figures, the Kingdom plans to inject at least $ 10 billion into inactive funds through the Morgan Stanley Emerging Markets Index by August 2019. expected inactive investments related to the Saudi FTSE Russell market.
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