Stock exchange to extend trading settlement time before MSCI June review
The Saudi Stock Exchange aims to extend the T+2 settlement cycle before MSCI decides whether to review Saudi Arabia for inclusion in its emerging market index. "We will try our best to have all the changes executed and activated before June, and as early as possible in 2Q17," the exchange's CEO Khalid al-Hussan said on Wednesday. "Early next month we'll start testing and make sure that everyone is ready." (Reuters)
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