Tadawul launches TASI50 index

Logo of The Saudi Exchange Co. (Tadawul)

The Saudi Exchange Co. (Tadawul) launched today, Jan.7, the TASI50 Index, which tracks the top 50 companies ranked by total market capitalization listed on the Saudi Exchange.

Constituents in the index cover 90% of the free float market cap with a minimum annual traded value ratio (ATVR) of 5%, ensuring that the index is a comprehensive representation of the largest companies in the market, Tadawul said in a statement.

The TASI50 index, Tadawul explained, serves as a benchmark for exchange-traded funds (ETFs), futures, options, and other financial products and enables the tracking of the performance of the largest companies at the market level.

The launch of the TASI50 Index is a significant milestone towards the achievement of the Financial Sector Development Program of Saudi Vision 2030.

Moreover, the index provides a benchmark for investment products, allowing both local and foreign investors to access a wide range of investment opportunities in the dynamic and growing Saudi capital market, Tadawul further explained.

For more Information about TASI 50