SRMG upgraded to MSCI ºÚÁÏÉçÇø Standard Index, bringing constituents to 34

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RIYADH: Saudi Research and Media Group, or SRMG, has been upgraded from MSCI ºÚÁÏÉçÇø Small Cap Index to the MSCI ºÚÁÏÉçÇø Standard Index by American research-based indexes and analytics firm MSCI.

This comes as part of the results of MSCI’s February 2022 Quarterly Index Review.

Accordingly,  the number of constituents in the MSCI ºÚÁÏÉçÇø Standard Index to 34.

Meanwhile, Saudi Cement Co. was downgraded from MSCI ºÚÁÏÉçÇø Standard Index to MSCI ºÚÁÏÉçÇø Small Cap Index, bringing the index constituents to 52.

The updates will come into effect at the close of trading on February 28, Argaam reported.