FTSE Russell implements periodic changes to Saudi market today

14/03/2024 Argaam

FTSE Russell implements periodic changes to Saudi market today

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Global index provider FTSE Russell will implement today, March 14, the changes announced as part of its quarterly index review.

 

The changes will be effective as of March 18 and will be implemented today, during the closing auction and trading periods at the closing price, as per the requirements of the global indices managers.

 

FTSE added three Saudi stocks to its indices, as the following table shows:

 

Details of Periodic Changes

Company 

 

Changes

Aldrees 

 

Upgraded from Small Cap to Mid Cap

Al Arabia

 

Upgraded from Small Cap to Mid Cap

Astra 

 

Upgraded from Small Cap to Mid Cap

Leejam

 

Upgraded from Small Cap to Mid Cap

Riyadh Cables

 

Upgraded from Small Cap to Mid Cap

Al-Rajhi Takaful

 

Included in Small Cap

Yanbu Cement

 

Downgraded from Mid Cap to Small Cap

Al-Jouf Cement

 

Downgraded from Small Cap and Excluded from All Cap Index

Hail Cement

 

Downgraded from Small Cap and Excluded from All Cap Index

Tabuk Cement

 

Downgraded from Small Cap and Excluded from All Cap Index

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