Saudi Arabia’s stock market has jumped in recent weeks on the back of growing hopes that it will be upgraded to “emerging market” status by the index compiler FTSE Russell. But past experience shows that similar decisions have had little lasting impact on Saudi and regional equity markets and, if oil prices drop back over the next couple of years as we expect, the rally in the Tadawul is likely to fade.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services