The Saudi Exchange, also known as Tadawul, has launched an index that tracks the top 50 companies according to market capitalisation.
The TASI50 Index will also be calculated in real-time, according to a statement from the exchange.
The constituents of this index represent 90% of the free float market cap and maintain a minimum annual traded value ratio of 5%.
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The exchange also stated that the index is intended to enable both institutional and individual investors to have a real-time overview of market performance and to use this information to inform their product development or risk management strategies.
The Tadawul has launched a number of indices in recent months, including the Size Indices and IPO Index in September 2023.
Tadawul chief executive Mohammed Al Rumaih described the introduction of the TASI50 index as a “significant achievement for the Saudi capital market”.