Here’s what you need to know about MSCI Tadawul 30 Index

10/02/2019 Argaam

 

The Saudi Stock Exchange (Tadawul) and MSCI have launched the tradeable index, MSCI Tadawul 30 Index (MT30).

 

MT30, which was co-developed by MSCI and Tadawul, is used as a basis for derivatives and exchange-traded financial products.

 

MT30 is designed to reflect the performance of the 30 largest and the most tradable stocks listed on Tadawul, based on free float market capitalization with capping criteria.

 

Five-year historical data have been prepared for MT30 index to allow a clear review of the index performance. Its base date was set on Nov. 26, 2013, with the base value at 1,000 points.

 

The index will be rebalanced four times every year, allowing number of constituents to range between 25 and 35. The maximum security weight is capped at 15 percent.

 

The first financial product that Tadawul plans to launch based on MT30 benchmark will be an index futures contract.

 

The Saudi exchange will introduce exchange-traded derivatives in Q2 2019.

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