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Citigroup to Expand #Saudi Arabian Teams on MSCI Trading Bet - Bloomberg

Citigroup to Expand Saudi Arabian Teams on MSCI Trading Bet - Bloomberg:Citigroup Inc. plans to hire about five more bankers in Saudi Arabia as it prepares for an expected increase in foreign investment in the kingdom’s stock exchange. The lender is expanding its team in Riyadh after getting regulatory approval last month to start cash-equities trading and custody services, Chief Country Officer Carmen Haddad said in an interview. MSCI Inc.’s move to include Saudi stocks in emerging-market index...
Tags: Travel, Saudi Arabia, Citigroup, Riyadh, Citigroup Inc, Haddad, Rupert Neil Bumfrey, MSCI Inc, Carmen Haddad, MSCI Trading Bet Bloomberg


Royal Family Stake in FAB Proves Obstacle to MSCI Reweighting - Bloomberg

Royal Family Stake in FAB Proves Obstacle to MSCI Reweighting - Bloomberg:A stake controlled by the royal family of Abu Dhabi is getting in the way of the United Arab Emirates’ largest bank earning a bigger weighting in MSCI Inc.’s benchmarks.Shares in First Abu Dhabi Bank PJSC, which unexpectedly failed to win an upgrade of its weighting in a May 13 review by MSCI, are heading for their worst week since the lender was created in a 2017 merger. MSCI considers strategic holdings, along with limit...
Tags: Travel, United Arab Emirates, Abu Dhabi, MSCI, Bloomberg TV, Rupert Neil Bumfrey, MSCI Inc, Henry Fernandez, First Abu Dhabi Bank PJSC, MSCI Reweighting Bloomberg


#Dubai Stocks Shift From World's Worst to Best in Just 24 Hours - Bloomberg

Dubai Stocks Shift From World's Worst to Best in Just 24 Hours - Bloomberg:Investors in Dubai’s equities might be feeling whiplash after the main index went from the day’s worst performer worldwide to the biggest gainer in back-to-back sessions, in response to shifting news on regional tensions and local stocks’ presence in global benchmarks.The DFM General Index advanced 3.5% Tuesday, gaining more than any other major market tracked by Bloomberg and almost fully erasing a loss of 4% the previou...
Tags: Travel, Bloomberg, Dubai, MSCI, Persian Gulf, Rupert Neil Bumfrey, MSCI Inc, Emaar Malls PJSC, Emaar Development PJSC


MSCI Boosts China, Adds #Saudi to Emerging-Market Indexes - Bloomberg

MSCI Boosts China, Adds Saudi to Emerging-Market Indexes - Bloomberg:Twenty-six China A shares will be added to the MSCI China Index, while 30 equities from Saudi Arabia and eight Argentine securities are set to join the MSCI Inc.’s emerging-market stocks benchmarks, in steps that could potentially draw billions of dollars of investor inflows.MSCI, which announced the additions of Saudi Arabia and Argentina last June, said the stocks will join its indexes as of the close of trading on May 28. Ar...
Tags: Travel, Saudi Arabia, China, Bloomberg, Argentina, Kuwait, MSCI, Rupert Neil Bumfrey, MSCI Emerging Markets, MSCI Inc


#Saudi Stocks Fall Most Since October as Iran Tensions Increase - Bloomberg

Saudi Stocks Fall Most Since October as Iran Tensions Increase - Bloomberg:Stocks slumped across the Gulf, with Saudi Arabia’s benchmark index dropping the most since the Khashoggi crisis, after the kingdom said two oil tankers were damaged in a “sabotage attack” on Sunday. The heightened geopolitical tension added to an already bad day across global markets.Gauges in Riyadh, Dubai, Abu Dhabi and Doha were among Monday’s biggest losers globally. News of the incident led to increased trading vola...
Tags: Travel, Saudi Arabia, Iran, Doha, Gulf, China Turkey, Rupert Neil Bumfrey, MSCI Inc, Khashoggi, Jamal Khashoggi, Iran Tensions Increase Bloomberg, Riyadh Dubai Abu Dhabi


Why Foreigners Will Buy #Saudi Stocks, Like It or Not- Bloomberg

Saudi Arabia: Khashoggi Killing Can't Stop Foreign Investment - Bloomberg:Four years after Saudi Arabia first let foreigners into its stock market, many overseas investors will soon have little choice. That’s because MSCI Inc., the U.S.-based index compiler, is about to classify the kingdom as an emerging market, meaning some global funds will have to adjust portfolios to include Saudi equities. The biggest market in the Arab world comes with caveats, including lofty valuations, a sputtering eco...
Tags: Travel, Saudi Arabia, EFG Hermes, Rupert Neil Bumfrey, MSCI Inc, Arqaam Capital, Mohamad Al Hajj, Not Bloomberg


Foreigners Keep Buying #Saudi Shares: Read This on a Loop - Bloomberg

:Qualified foreign investors from outside the Gulf were net buyers of Saudi shares by yet another record last week. It’s the third time that’s happened this year, and it probably won’t be the last.Foreigners were the main purchasers of shares in Riyadh in the five days ended May 2, during the second phase of FTSE Russell’s inclusion of the kingdom in its emerging-market benchmarks. Buying activity should escalate later this month, when MSCI Inc. follows suit, since its indexes reference a much b...
Tags: Travel, Turkey, Gulf, Riyadh, Russell, Rupert Neil Bumfrey, MSCI Inc, Jamal Khashoggi, Loop Bloomberg


#Saudi Bourse Chief Sees Foreign Bets in Market Soaring - Bloomberg

Saudi Bourse Chief Sees Foreign Bets in Market Soaring - Bloomberg:The chief of Saudi Arabia’s stock exchange predicts ownership of equities by foreigners will triple by 2022, driven by flows from index trackers, as the country awaits the listing of its crown-jewel, Saudi Aramco.“Since we opened up the market, we wanted to make sure we have enough companies, diversified sectors and industries,” Khalid Al Hussan, chief executive officer of the $573 billion Saudi stock exchange, said in an intervi...
Tags: Travel, Saudi Arabia, Bloomberg, Riyadh, Saudi Aramco, Aramco IPO, Rupert Neil Bumfrey, MSCI Inc, Khalid Al Hussan, HUSSAN


Investors Joining #Saudi Stocks' Big Moment Have to Pay a Premium - Bloomberg

Investors Joining Saudi Stocks' Big Moment Have to Pay a Premium - Bloomberg:Investors who are on the verge of buying Saudi Arabian shares for the first time should be ready to reach deep into their pockets.The biggest stock market in the Arab world, which will begin to be included in the emerging-markets group by index compiler MSCI Inc. next month, is trading at the most expensive level compared with the category since 2015. The ratio of estimated price-to-earnings in the next 12 months for th...
Tags: Travel, MSCI, Rupert Neil Bumfrey, MSCI Inc, Premium Bloomberg


FAB's Foreign-Ownership Change Lifts #AbuDhabi Stocks: Inside EM - Bloomberg

FAB's Foreign-Ownership Change Lifts Abu Dhabi Stocks: Inside EM - Bloomberg:Stocks in Abu Dhabi reached their highest since September 2014 after the main gauge’s largest constituent implemented a decision to raise its foreign ownership limit.First Abu Dhabi Bank PJSC shares advanced 5 percent, the most in a month. The raised cap for foreigners could trigger passive inflows of about $730 million from investors tracking MSCI Inc. and FTSE Russell benchmarks by June, according to estimates by Moha...
Tags: Travel, Bloomberg, Dubai, Abu Dhabi, EFG Hermes, Rupert Neil Bumfrey, MSCI Inc, Mohamad Al Hajj, First Abu Dhabi Bank PJSC


Aramco's Bond-Sale Billions Make #Saudi Stock Inflows Look Tiny - Bloomberg

Saudi Aramco’s debut bond sale overshadowed in one deal the amount foreigners have spent on buying stocks in Riyadh over more than three months this year.The $12 billion in bonds sold this week by the world’s most profitable company exceeds by more than three times net inflows from foreigners investing in the Saudi Arabian stock market, which has 203 traded securities.Inflows to Saudi stocks have been steady since the beginning of the year, as investors anticipate the inclusion of the kingdom i...
Tags: Travel, Bloomberg, Riyadh, Saudi Aramco, Gulf Cooperation Council, Russell, Rupert Neil Bumfrey, MSCI Inc


Money From London to New York Flocks to #Saudi-Focused ETFs - Bloomberg

Money From London to New York Flocks to Saudi-Focused ETFs - Bloomberg:Exchange-traded funds in the U.S. and the U.K. focused on Saudi Arabian equities are piling up new money this year, placing the Middle Eastern kingdom high in a global ranking.A London-based ETF and another that trades in New York together attracted around $327 million in new money since the beginning of January. The net flow as a percentage of assets for Saudi Arabia funds increased about 47 percent this year, more than any ...
Tags: Travel, New York, London, Saudi Arabia, Bloomberg, Croatia, Invesco, Russell, BlackRock Inc, Rupert Neil Bumfrey, MSCI Inc, New York Flocks


#Saudi EM Inclusion Begs Question About Elephant in the Room - Bloomberg

Saudi EM Inclusion Begs Question About Elephant in the Room - Bloomberg:Saudi Arabia’s inclusion in emerging market stock benchmarks highlights the role of largely opaque players in the kingdom’s market: government funds that could be ready to push the sell button.FTSE Russell will start adding Saudi equities to its developing-nation gauges on Monday, with peer MSCI Inc. following suit later. Inclusion is eventually expected to trigger billions of dollars in inflows from so-called passive buyers...
Tags: Travel, Saudi Arabia, Russell, Rupert Neil Bumfrey, MSCI Inc, Room Bloomberg


#AbuDhabi Mega-Lenders May Bring More Pain to 3 #Dubai Stocks - Bloomberg

Abu Dhabi Mega-Lenders May Bring More Pain to 3 Dubai Stocks - Bloomberg:Banks based in Abu Dhabi are expected to put more pressure on stocks that have already taken a beating in neighboring Dubai.A merger between Abu Dhabi Commercial Bank PJSC and Union National Bank PJSC on May 1 could draw around $193 million from investors who track benchmarks compiled by MSCI Inc. and FTSE Russell, according to Mohamad Al Hajj, an equities strategist at EFG-Hermes Holding.The combined entity will later acqu...
Tags: Travel, Dubai, Abu Dhabi, MSCI, EFG Hermes, Rupert Neil Bumfrey, MSCI Inc, Mohamad Al Hajj, Abu Dhabi Commercial Bank PJSC, Union National Bank PJSC, Dubai Stocks Bloomberg


Time to Buy #Saudi Stocks? Some Investors Look at #Dubai Instead - Bloomberg

Time to Buy Saudi Stocks? Some Investors Look at Dubai Instead - Bloomberg:Saudi Arabian stocks are about to join major emerging-markets benchmarks, gaining the attention of many money managers for the first time. But some investors familiar with markets in the Gulf say that Dubai offers bigger potential gains.That’s because the biggest stocks in Riyadh have been rallying in anticipation of their inclusion in the gauges, compiled by FTSE Russell and MSCI Inc., in several tranches starting this m...
Tags: Travel, Bloomberg, Dubai, Gulf, Riyadh, Russell, Rupert Neil Bumfrey, MSCI Inc, Dubai Instead Bloomberg


#Saudi Bourse Reforms Small-Cap Market Before Index Promotion - Bloomberg

Saudi Bourse Reforms Small-Cap Market Before Index Promotion - Bloomberg:The Saudi stock exchange is making changes to its platform for trading in small- and medium-size companies, just before the country’s inclusion in major emerging-market benchmarks.The Tadawul, as the bourse is known, aims to increase the number of listed companies in the segment and improve liquidity in trading, according to a statement on Wednesday. The changes include allowing companies to list without an initial public o...
Tags: Travel, Bloomberg, Tadawul, Russell, Rupert Neil Bumfrey, MSCI Inc, Nomu


Foreigners Slow #Saudi Share Spree Even as Index Upgrade Nears - Bloomberg

:Foreign investors are slowing the pace at which they are buying Saudi stocks, even as the kingdom’s inclusion in major emerging-markets benchmarks lies just around the corner.Foreign investors were net buyers of about 443 million riyals ($118 million) in Saudi shares last week, a drop of 47 percent from the previous five days and the second straight week of slower purchases. Analysts and traders are closely monitoring the appetite for the country’s shares as they are about to begin to be includ...
Tags: Travel, Russell, Rupert Neil Bumfrey, MSCI Inc, Index Upgrade Nears Bloomberg


Morgan Stanley U-Turns on #UAE Equity Call, Cuts #Qatar - Bloomberg

Morgan Stanley U-Turns on U.A.E. Equity Call, Cuts Qatar - Bloomberg:It’s time to double-upgrade United Arab Emirates stocks amid early signs of a bottoming out in the property sector, Morgan Stanley analysts say, adding that investors should cut their exposure to Qatar.U.A.E. shares are the most oversold of any markets in Eastern Europe, the Middle East and Africa, “led particularly by real estate,” according to analysts Marina Zavolock, Regiane Yamanari and Katherine Carpenter. After 17 months...
Tags: Travel, Saudi Arabia, Africa, Qatar, Middle East, United Arab Emirates, Dubai, Morgan Stanley, Eastern Europe, Mena, Emaar Properties, Rupert Neil Bumfrey, MSCI Inc, Morgan Stanley U Turns, UAE Equity Call Cuts Qatar Bloomberg, Marina Zavolock Regiane Yamanari


What The Inclusion in Key EM Benchmarks Would Mean for #Saudi Stocks – Bloomberg

What The Inclusion in Key EM Benchmarks Would Mean for Saudi Stocks – Bloomberg:Rami Sidani, the head of Middle East, North Africa portfolio management at Schroder Investment Management, talks about the prospects for Saudi Arabian stocks and the kingdom’s inclusion in key emerging-market benchmarks compiled by MSCI Inc. and FTSE Russell later this year. He speaks with Manus Cranny and Yousef Gamal El-Din on "Bloomberg Daybreak: Middle East." (Source: Bloomberg) [Author: [email protected] (R...
Tags: Travel, Bloomberg, Russell, Saudi Arabian, Middle East North Africa, Rupert Neil Bumfrey, MSCI Inc, Bloomberg Daybreak, Yousef Gamal El Din, Schroder Investment Management, Rami Sidani


Record Foreign Buying of #Saudi Stocks as Khashoggi Woes Fade - Bloomberg

Record Foreign Buying of Saudi Stocks as Khashoggi Woes Fade - Bloomberg:Foreigners made their highest net purchases of Saudi shares on record last month as the inclusion of local stocks in major benchmarks outweighed concerns sparked by the killing of Jamal Khashoggi.Investors from outside the country and the Gulf were net buyers of around 4.4 billion riyals ($1.17 billion) of Saudi-listed stocks in January, the most for a single month since data became available in 2015. International funds ar...
Tags: Travel, Istanbul, Gulf, Rupert Neil Bumfrey, MSCI Inc, Khashoggi, Jamal Khashoggi, Khashoggi Woes Fade Bloomberg


#Saudi Stocks Enjoy Strong Start to Year as Oil, Indexes Eyed - Bloomberg

Saudi Stocks Enjoy Strong Start to Year as Oil, Indexes Eyed - Bloomberg:Saudi Arabian stocks are enjoying their best start to a year in more than two decades amid improving prospects for oil prices and ahead of their long-awaited inclusion in major global benchmarks.The main Saudi equities index climbed more than 7 percent in the first 20 days of the year, the best performance for the period since Bloomberg records began in 1995. The increase, more than that of any other major gauge in the Gulf...
Tags: Travel, Opec, Bloomberg, Brent, Gulf, Russell, Rupert Neil Bumfrey, MSCI Inc


‘Dumb-money’ for Saudi stocks won’t be enough to aid market

‘Dumb-money’ for Saudi stocks won’t be enough to aid market:While billions of dollars will flow into Saudi Arabia with its inclusion in MSCI Inc’s emerging-market benchmark in June, don’t count on the passive money to revive the market’s fortunes, says Eaton Vance Corp.Government-related funds, which appeared to have propped up Saudi equities following the murder of columnist Jamal Khashoggi in October, will probably become sellers next year to investors tracking the MSCI index – in classic buy-...
Tags: Travel, Saudi Arabia, Boston, MSCI, Eaton Vance, Rupert Neil Bumfrey, MSCI Inc, Eaton Vance Corp, Jamal Khashoggi, Marshall Stocker


`Dumb-Money' for Saudi Stocks Won't Be Enough to Aid Market - Bloomberg

`Dumb-Money' for Saudi Stocks Won't Be Enough to Aid Market - Bloomberg:While billions of dollars will flow into Saudi Arabia with its inclusion in MSCI Inc.’s emerging-market benchmark in June, don’t count on the passive money to revive the market’s fortunes, says Eaton Vance Corp.Government-related funds, which appeared to have propped up Saudi equities following the murder of columnist Jamal Khashoggi in October, will probably become sellers next year to investors tracking the MSCI index -- i...
Tags: Travel, Saudi Arabia, Boston, Eaton Vance, Rupert Neil Bumfrey, MSCI Inc, Eaton Vance Corp, Jamal Khashoggi, Marshall Stocker, Aid Market Bloomberg


Saudi Bonds Sink as Row With U.S. Over Missing Writer Escalates - Bloomberg

Saudi Bonds Sink as Row With U.S. Over Missing Writer Escalates - Bloomberg:The growing diplomatic row over the disappearance of Saudi columnist Jamal Khashoggi reverberated through the country’s bond market.The yield on the kingdom’s $5 billion debt due 2028 jumped to a record and 12-month riyal forwards headed for the biggest increase in more than three years in the offshore market. The Tadawul All Share Index added as much as 2.9 percent, rebounding from yesterday’s retreat amid speculation g...
Tags: Travel, Saudi Arabia, Bloomberg, Gulf, Russell, Rupert Neil Bumfrey, MSCI Inc, Khashoggi, Jamal Khashoggi


Qatar's Stock Gauge Posts Best Quarter Since 2014: Inside EM - Bloomberg

Qatar's Stock Gauge Posts Best Quarter Since 2014: Inside EM - Bloomberg:Qatar’s main equity gauge advanced, adding to the index’s gains as it posts its biggest quarterly jump in four years. Benchmarks in Saudi Arabia, Dubai and Oman also rose.The QE Index stocks will probably outperform peers in the last quarter as MSCI Inc.’s rebalancing in November attracts foreign cash, said Talal Samhouri, head of asset management at Doha-based Amwal LLC. Investors also will re-position in December for the ...
Tags: Travel, Qatar, Bloomberg, Oman, Doha, Rupert Neil Bumfrey, Saudi Arabia DUBAI, MSCI Inc, Amwal, QE Index, Samhouri, Talal Samhouri, Amwal LLC Investors


Kuwaiti Stocks Retreat Ahead of FTSE Implementation: Inside EM - Bloomberg

Kuwaiti Stocks Retreat Ahead of FTSE Implementation: Inside EM - Bloomberg:Kuwait’s main equities index fell a day before its inclusion in FTSE Russell’s emerging-markets gauge, trimming one of the best rallies in Middle Eastern stock markets this year.A drop just before inclusion isn’t surprising: the same thing happened to stocks in Qatar and the United Arab Emirates when they were upgraded to emerging-market status by MSCI Inc. in 2014. In Pakistan, the main index lost 15 percent last year ev...
Tags: Travel, Qatar, Bloomberg, Pakistan, United Arab Emirates, Kuwait, EFG Hermes, Rupert Neil Bumfrey, MSCI Inc


Abu Dhabi Stock Exchange Aims to Start Futures Trading Next Year - Bloomberg

Abu Dhabi Stock Exchange Aims to Start Futures Trading Next Year - Bloomberg:Abu Dhabi’s stock exchange is joining a race to introduce derivatives as Gulf bourses including Kuwait and Saudi Arabia put strategies in place to lure more investors.The Abu Dhabi Securities Exchange, known as ADX, plans to enable trading of futures contracts on single stocks in 2019, and they may eventually be available for the benchmark ADX General Index, Chief Executive Officer Rashed Al Blooshi said Monday in an in...
Tags: Travel, Saudi Arabia, Bloomberg, Middle East, United Arab Emirates, Abu Dhabi, Kuwait, Gulf, Abu Dhabi Securities Exchange, Rupert Neil Bumfrey, MSCI Inc, Nasdaq Dubai, Abu Dhabi stock exchange, Rashed Al Blooshi


Move Over Saudi. Meet Stock Investors' New Darling in Gulf - Bloomberg

Move Over Saudi. Meet Stock Investors' New Darling in Gulf - Bloomberg:Once overshadowed by its bigger neighbors in the Gulf, Kuwait’s market has emerged as the new darling of global investors.Kuwaiti stocks have outperformed most of their Persian Gulf peers since MSCI Inc. said in June that it might announce the upgrade of the nation to emerging-market status next year, joining the ranks of Saudi Arabia, the United Arab Emirates and Qatar. Money is already flowing in ahead of Kuwait’s Sept. 24 ...
Tags: Travel, Saudi Arabia, Boston, United Arab Emirates, Kuwait, Russell, Persian Gulf, Rupert Neil Bumfrey, MSCI Inc, Eaton Vance Corp, Gulf Bloomberg, Gulf Kuwait, Qatar Money, Marshall Stocker


Saudi Bulls Retreat as Aramco Letdown Adds to Shock Over Policy - Bloomberg

Saudi Bulls Retreat as Aramco Letdown Adds to Shock Over Policy - Bloomberg:The Arab world’s biggest bourse is losing its appeal to foreigners just two months after it won inclusion in MSCI Inc.’s emerging-market index.That’s because the initial euphoria surrounding Crown Prince Mohammed bin Salman’s efforts to overhaul the nation’s economy has given way to skepticism as the kingdom put on hold the initial public offering of oil giant Aramco. A dispute over Canada’s criticism of the jailing of S...
Tags: Travel, Bloomberg, Canada, Mohammed bin Salman, MSCI, Rupert Neil Bumfrey, MSCI Inc, Saudi Bulls Retreat as Aramco


Saudi Stocks Are the Most Expensive Versus Dubai in 7 Years - Bloomberg

Saudi Stocks Are the Most Expensive Versus Dubai in 7 Years - Bloomberg:The valuation gap between stocks in Saudi Arabia and Dubai has expanded to the widest since 2011.Saudi shares have traded at a premium compared to those in Dubai most part of the time in the past seven years, but the gap has widened in 2018 as bets that the kingdom would be included in emerging-market benchmarks by MSCI Inc. and FTSE Russell fueled a rally, pushing valuations higher. In Dubai, which is already part of those ...
Tags: Travel, Saudi Arabia, Dubai, Russell, Rupert Neil Bumfrey, MSCI Inc



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