We expect that cash will reach SR 2.5 billion in the second phase of FTSE membership, and we are currently working on the clarification of the membership criteria.

Khalid Al-Hussan, chief executive of Tadawul, said the inflow of inactive investment at 2.5 trillion riyals accounted for 15% of the market weight in the second phase of the Saudi market joining the FTSE Russell index .

The horse added in a special interview with "Numbers""The value of the Saudi market in the Futsi world market indices is about 18 billion rupees and we witnessed the entry of 10% of them by about 1.8 billion riyals during last week ", and will enter the liquidity of the closing of the second phase of the auction before the official day to join the index.

He explained that all stages of the Saudi market joining the global emerging market indices will include the first two dates for the liquidity of inactive investments during the auction closing period, and the other date includes the start up process of the calculation of the Saudi index in the state of emerging markets.

He added that the market entry in the MSCI Emerging Markets Index would be in two stages: the first stage would start at the end of May, adding that the value of the inactive investments intended for entering the Saudi market is estimated at $ 10 billion.

"The number of Saudi companies joining the FTSE Russell index is about 80, and 32 companies in the MSCI index. We are working with global index developers to detail criteria for companies to join and better explain the indicators to encourage them to apply these standards. "He said.

He pointed out that it is important for companies today to understand the criteria for adhering to these indicators because the larger the number of companies in the index, the heavier the market.

He pointed out that global index developers rely on two basic criteria for the incorporation of companies to the index, namely the volume of liquidity and the number of free shares of the company, as well as special standards for each developer.

In response to a question"Numbers" "The offers were made by investors, whether it 's foreign investors, foreign and local investment funds or individual investors," did it? he declares. "These investors are active.

"The market will experience pressure on liquidity over the next few tranches, but as of today and until the completion of the market entry stages, we will see liquidity volumes available in the market Institutional investors around the world are aware of the dates of entry of inactive investments. "These dates will have the right timing and liquidity will therefore be good and available."

"Our reading of what happened last Thursday is normal for all markets that have already joined global markets, and we have not made any special adjustments or provided additional liquidity from the market. "

According to the data available "Numbers" The first phase of the Saudi market for emerging market indices FTSE Russell and S & P Dow Jones kicked off on Monday.