Tadawul launches equity index

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%.

Tadawul appoints advisors for IPO

Saudi Arabia unveils private sector performance index

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”.

Related Articles