Leone Lakhani and Alanna Petroff write in CNN Money that Saudi Arabia is the “next big emerging market” following the announcement of the TASI opening to foreign investors.
That report cited Saleem Khokhar, head of equities at the National Bank of Abu Dhabi’s asset management group, as saying that the market is “deeply liquid…with lots of sectors to play around with.”
CNN:
An MSCI spokesman told CNNMoney the Saudi announcement was encouraging but the country's classification would depend on how it opens up to foreigners.
