Saudi Arabia included in MSCI Emerging Markets Index

Argentina getting an upgrade from MSCI also, to 'Emerging Market' status

Heading into OPEC and the kerfuffle surrounding oil production increases (will they or won't they) this news will give Saudi markets a bit of a boost. Inclusion had been telegraphed so take care if long Saudi, alert for some profit-taking action in the short-term.

More:

• MSCI to consult on potentially reclassifying Kuwait as an Em also