As the Saudi stock market continues its steady upward movement, MSCI recently announced the upgrade of the shares of the Saudi Research and Media Group - listed on the main Saudi market – after its quarterly review.
MSCI announced on Thursday the upgrade of the Saudi Research and Media Group (SRMG) from the MSCI Saudi Arabia Small Cap Index to MSCI Saudi Arabia Standard index, bringing the number of companies listed on this index to 34.
On the other hand, Saudi Cement Co. was downgraded from MSCI Saudi Arabia Standard Index to MSCI Saudi Arabia Small Cap Index, raising the number of the index constituents to 52.
Meanwhile, the Saudi Stock Exchange’s main index ended trading higher on Thursday, gaining 63.24 points to close at 12,268.71 points.
The total value of the trading reported was SAR 5.5 billion, while the toll of shares traded was 153 million.
The Saudi Parallel Equity Market Index (NOMU) ended the day losing 114.90 points, to close at 25,217.57 points, with a valuation of SAR 113 million and an overall tally of more than 1,410,000 stocks traded and divided into as many as 5,202 deals.
