‎FTSE Russell implements periodic changes in Saudi market today

‎FTSE Russell implements periodic changes in Saudi market today ‎FTSE Russell implements periodic changes in Saudi market today

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A trader watching the Tadawul trading screen

FTSE Russell will implement its changes to the Saudi market today, March 25, according to its semi-annual index review.

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FTSE Russell will implement its changes to the Saudi market today, March 25, as part of its semi-annual index review.

FTSE made a number of changes to Saudi stocks across its indexes,as shown below:

Details of FTSE Russell Adjustments

Company

Decision

solutions

Downgrade from Large Cap to Mid Cap Index

Electrical Industries

Upgradedfrom Small CaptoMid Cap and Global Standard Index

Al Othaim

Downgrade from Mid Cap Index to Small Cap Index

BinDawood Holding

Downgrade from Mid Cap Index to Small Cap Index

Emaar EC

Downgrade from Mid Cap Index to Small Cap Index

Leejam

Downgrade from Mid Cap Index to Small Cap Index

Qassim Cement

Downgrade from Mid Cap Index to Small Cap Index

Saudi Cement

Downgrade from Mid Cap Index to Small Cap Index

Al Akaria

Downgrade from Mid Cap Index to Small Cap Index

Yamama Cement

Downgrade from Mid Cap Index to Small Cap Index

Almunajem

Downgrade from Small Cap to Microcap Index

City Cement

Downgrade from Small Cap to Microcap Index

MEPCO

Downgrade from Small Cap to Microcap Index

Al Majdiah

Add to Microcap Index (post-IPO)

Build Station

Add to Microcap Index (post-IPO)

OGC

Add to Microcap Index

Saudi Azm

Add to Microcap Index

Tihama

Add to Microcap Index

Raydan

Remove from Microcap Index

Saudi Enaya

Remove from Microcap Index

UCA

Remove from Microcap Index

 

A trader watching the Tadawul trading screen

FTSE Russell will implement its changes to the Saudi market today, March 25, according to its semi-annual index review.

FTSE Russell will implement its changes to the Saudi market today, March 25, as part of its semi-annual index review.

FTSE made a number of changes to Saudi stocks across its indexes,as shown below:

Details of FTSE Russell Adjustments

Company

Decision

solutions

Downgrade from Large Cap to Mid Cap Index

Electrical Industries

Upgradedfrom Small CaptoMid Cap and Global Standard Index

Al Othaim

Downgrade from Mid Cap Index to Small Cap Index

BinDawood Holding

Downgrade from Mid Cap Index to Small Cap Index

Emaar EC

Downgrade from Mid Cap Index to Small Cap Index

Leejam

Downgrade from Mid Cap Index to Small Cap Index

Qassim Cement

Downgrade from Mid Cap Index to Small Cap Index

Saudi Cement

Downgrade from Mid Cap Index to Small Cap Index

Al Akaria

Downgrade from Mid Cap Index to Small Cap Index

Yamama Cement

Downgrade from Mid Cap Index to Small Cap Index

Almunajem

Downgrade from Small Cap to Microcap Index

City Cement

Downgrade from Small Cap to Microcap Index

MEPCO

Downgrade from Small Cap to Microcap Index

Al Majdiah

Add to Microcap Index (post-IPO)

Build Station

Add to Microcap Index (post-IPO)

OGC

Add to Microcap Index

Saudi Azm

Add to Microcap Index

Tihama

Add to Microcap Index

Raydan

Remove from Microcap Index

Saudi Enaya

Remove from Microcap Index

UCA

Remove from Microcap Index

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