沙特股市飙升 百亿美元闸门将打开？

Core Insights - Saudi Arabia is likely to soon relax foreign ownership limits on listed companies, potentially attracting nearly $10 billion in new investments into its stock market [3][4] - The announcement has led to significant stock price increases for major Saudi banks, with Al Rajhi Bank and Saudi National Bank both rising by 10%, marking their largest percentage gains in nearly two decades [3] - The Capital Market Authority (CMA) is nearing a decision to ease the current 49% foreign ownership cap, with expectations that this policy could be implemented by the end of the year [3] Market Impact - The potential removal of ownership restrictions could release over $10 billion in passive fund inflows, significantly impacting the MSCI and FTSE indices and increasing Saudi Arabia's weight in emerging market indices by nearly 100 basis points [4] - Currently, Saudi Arabia's $2.3 trillion main exchange accounts for 3.3% of the MSCI Emerging Markets Index [4] - Despite the potential for a strong technical rally, the sustainability of the Saudi stock market's performance will depend on market fundamentals and the overall economic outlook, especially given concerns over geopolitical tensions and low oil prices [4] Recent Performance - The Saudi stock index has experienced a decline of nearly 10% this year, making it the worst-performing market in the Middle East, in contrast to the MSCI Emerging Markets Index, which has risen by 25% [4]