Saudi Arabia and Argentina added to MSCI EM index

Latest MSCI index update

Index provider MSCI announced on Monday (13 May) that it will include the MSCI Saudi Arabia and MSCI Argentina indexes in its wider emerging markets index.

Some 30 Saudi Arabian securities and eight Argentinian stocks will be added to the index as of the close on 28 May, in a move that is likely to draw billions into these stocks. The inclusion of the Saudi Arabian securities will represent an aggregate weight of 1.42% in the MSCI Emerging Markets index, with the Argentinian securities will make up 0.26% of the index on aggregate. The three largest additions to the MSCI Emerging Markets index each come from the Saudi Arabian market, with AI Rejhi Banking and Investment Corporation, Saudi Telecom Company and Saudi Basic Industries Corpora...