MSCI

China welcomes admission to MSCI club

Shanghai - Muslimchronicle

China on Wednesday hailed the decision by index compiler MSCI to include it in its key emerging markets list, saying it was a signal of confidence in the world's number-two economy. The agreement to admit mainland-listed big-cap stocks -- allowing them to be traded by foreigners -- comes after three failed attempts as China's leaders aimed to expand its globalRead more

First Abu Dhabi Bank to attract more investors to bourse

Dubai - Arab today

The start of share trading on First Abu Dhabi Bank is expected to attract more investors to the Abu Dhabi bourse and reflect positively on overall trading, according to the bourse’s chief executive. In a statement on Sunday, Rashed Al Balooshi, CEO of Abu Dhabi Securities Exchange (ADX), said the bank is a “new turning point” in establishing a largeRead more

Tadawul: Bank shares gain 28% in past 30 days

Jeddah - Arab Today

Saudi Arabia’s stock market edged down Thursday in modest volumes. Tadawul All-Share Index fell 0.3 percent to 6,629 points, stalling near technical resistance at the July peak of 6,703 points. Volume was the lowest in a week. Some banks fell as investors booked profits; National Commercial Bank dropped 0.5 percent to SR41, and is now roughly at par to theRead more

Plan for solar plants: Saudi Electricity Company jumps its 10% daily limit

Jeddah - Arab Today

Gulf stock markets rose on Tuesday but many investors stood on the sidelines before MSCI’s decision later in the day on whether it would consider Saudi Arabia for inclusion in its emerging markets index. International index compiler MSCI is to announce after the close on Tuesday whether it will put Saudi Arabia on review for possible inclusion as early asRead more

MSCI keeps China 'A' shares out of key index

New York - AFP

Global equity index provider MSCI again put off Tuesday the inclusion of China's "A" shares in its influential Emerging Markets Index, citing the need for greater market accessibility to global investors. It was the third year in a row that MSCI left the Chinese shares out of the index, which guides the allocation of billions of dollars of investments. InclusionRead more

Chinese shares rise Mildly Tuesday

Beijing - QNA

China's stocks gained mildly on Tuesday as investors took a wait-and-see attitude ahead of a decision by the MSCI on whether it will add China's A share market to its Emerging Markets Index. The benchmark Shanghai Composite Index went up 0.32% to finish 2,842.19 points. The smaller Shenzhen index closed 0.33% higher at 9,895.15 points. The ChiNext Index, China'sRead more

Hesitation over MSCI inclusion of China's A-shares serves nobody

Beijing - XINHUA

Global investors are again betting on Chinese A-shares' future as the latest opportunity has arisen for them to be included in a flagship global benchmarks index. New York-based global equity indexes provider MSCI has begun a consultation on including the shares in its Emerging Markets Index to be published in June. Such a move would be viewed as a landmarkRead more