The Saudi Exchange Company – Tadawul – launched the TASI50 Index on Sunday.
The TASI50 will track the top 50 companies ranked by total market capitalisation listed on the Saudi Exchange. Constituents of this index encompass 90% of the free float market cap, requiring a minimum annual traded value ratio (ATVR) of 5%. This inclusion criterion ensures a comprehensive representation of the market’s largest companies. The index is a benchmark for financial products like ETFs, Futures, and Options.
“The launch of the TASI 50 Index is a significant milestone towards the achievement of the Financial Sector Development Program of Saudi Vision 2030,’ the company said in a statement. The index is expected to offer a benchmark for investment products, providing local and foreign investors access to diverse investment opportunities within the dynamic and expanding Saudi capital market.
