The market is preparing for a heavy buying wave before joining «FTSE» index

​           Experts expected the Saudi stock market to witness a wave of buying and assembly in preparation for September 29, the date set for the TASI index to join the FTSE global stock market indices, which in turn boosted optimism for investors. "He said.
"The days leading up to the decision to join the TASI stock market index to the FTSE global stock market will take a heavy buying tone as investors seek consolidation to take advantage of the prices that will rise immediately after the announcement of the accession. Foreign investors, expecting high liquidity.
Al Shamari added that the index will enable the market to introduce new products such as financial derivatives. The Saudi market is likely to get 2.5 percent, which increases foreign investment flows to $ 2.5 billion, stressing that the market will move upward .
Siraj Al Harthi, a stock market analyst, said that TASI accession to the Emerging Markets Index will raise the amount of the market and increase demand, indicating that the market will move in an upward path and is expected to rise further supported by several factors inside and outside the market, and the expected positive news.
He is optimistic outlook of many traders, pointing that as the end of the year, the market will see further rises.
Salman Al Jabbab, a stock market analyst, stressed that improving oil prices is the main factor in the market's rise and creating a good investment climate, noting that the development of investment regulations and laws has a positive effect on investors and attracting foreign direct investment further growth of corporate profits. Al Jibab pointed that the importance of joining the Saudi stock market index to emerging market indices is increasing because of the decision to open the market for investment institutions rather than individuals because investment institutions follow the performance of international indices. He pointed that large companies invest only in stock exchanges listed in one of these indices.
He explained that the big investment portfolios have an investment strategy, so that the portfolio manager can achieve a return in line with the return of emerging markets.