BUZZ-Saudi ETF rises as kingdom to open markets to all investors** U.S.-listed iShares MSCI's Saudi Arabia exchange-traded fund KSA.P up 2.9% at $37.04 in premarket trading
** The Saudi exchange says country to open its financial markets to all financial investors from February 1
** Index provider MSCI classified Saudi Arabia as an emerging market in its annual report for 2025, citing improvements required in openness to foreign ownership and market infrastructure
** The ETF had fallen nearly 11% in 2025 - its biggest annual loss on record, tracking a slump in prices of crude oil, a key export from the country
(Reporting by Johann M Cherian in Bengaluru)
((johann.mcherian@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments