The Clap
MSCI TADAWUL 30 Index’s stocks eligible for foreign investment gained 10.9% in the first four months of 2022.
The Deets
Small-cap Saudi companies have taken advantage of investors’ exit from companies with small capital, thanks to the liquidity of foreign investors.
Its gains in the local market have outperformed the index that measures the performance of small stocks around the world, known as the MSCI Index.
MSCI Index
The MSCI index tracks the performance of small-cap companies in all countries of the world. The index declined by 13.6% during 2022.
MSCI & Tadawul
Tadawul joined the MSCI Emerging Markets Index in August 2019, constituting 2.8% of the total value of the index.
Why this Matters
The dividend yield, denominated in USD, for small companies listed in the Saudi market in the MSCI, reached 2.46%, exceeding the distribution of the index of American small-cap companies, which recorded 1.46%.
Small-cap Saudi stocks record big gains 📈
