Tracy this is the best of Bloomberg Markets middle east. That could lead to inclusion and some of the worlds biggest stock indexes, potentially tracking billions of dollars to its traded companies. They noted a number of positive market reforms in saudi arabia, including changes to Foreign Ownership limits. Heres more from robert and sorry from robert ansari. We generally say the average of between three and four years. The most recent inclusion of pakistan was done in a year. If we take that most rigid example most recent example, that would be a year. Tracy is that what we mean by fasttrack inclusion . One year . They never reclassified a market quicker than a year. Thats not to say it cant be done quicker than a year. Course, saudi arabia could potentially get 2. 4 weighting in the index. We also got the announcement about china, and it was a slightly bigger waiting than we had expected. What will impact the final decision, and which saudi stocks are included, or is it already a giv
Saudi banks are in the spotlight viewed in the spotlight. Is Bloomberg Markets middle east. We had an eventful end of trading in other markets last week. Theetty green day across board. The s p 500 up over half of a percent to reach another record high. The dow jones also up to another record. 0. 18 making for a big gain last week. And also the emerging markets index up almost two thirds of a percent. Quite a different story to the one we were talking about at the beginning of the year. Lets talk about macro factors driving the rallies of equities. You can see the bloomberg dollar index fell after we have the weaker than expected inflation data. Ulls gave some of the b to think the next fed rate hike is further on the horizon. Rallying their funds. Saw, the cboe index cannot get lower. Up. Ef crude oil was take a look at where it closed at. Interesting levels. The baker hughes index showing 765. Crude up to a total of also, gold futures off the back of the news around inflation, while
The Ministry of Health and Prevention MoHAP has launched an Easy Payment Initiative allowing customers to pay for Ministry services in installments using c