Saudi Exchange launches TASI50 Index to track top listed firms

The Saudi Exchange (also called Tadawul) has launched the TASI50 Index.

The index is calculated in real-time and tracks the top 50 companies listed on the Saudi Exchange by total market capitalisation, with a minimum annual traded value ratio (ATVR) of 5 per cent.

It is an important tool for both individual and institutional investors and provides an overview of market performance in real-time. It can be used to develop financial products and enhance risk management strategies.

Mohammed Al Rumaih, CEO of the Saudi Exchange, said, “The introduction of the TASI50 Index is a significant achievement for the Saudi capital market, providing investors with a comprehensive overview of the performance of the top 50 companies listed on the Saudi Exchange. This index offers a benchmark for investment products, allowing investors to track and benchmark performance based on specific criteria.

“With this index, local and foreign investors can access a diverse range of investment opportunities in our dynamic and growing capital market, contributing to the continued development and growth of the Saudi economy.”

Saudi Exchange Size Indices and IPO Index

 The launch of the TASI50 Index follows the launch of the exchange’s Size Indices and IPO Index in September last year. The Size Indices provide investors with benchmarks to broaden their investment strategies and capitalise on specific market opportunities.

Read: Saudi exchange Tadawul launches four new indices

The Tadawul IPO Index has tracked the performance of companies listed on the main market within the past five years.

The TASI50 index, size indices, and IPO Index are key steps taken to accomplish the objectives outlined in the Financial Sector Development Program of Saudi Vision 2030.