shares of electric car maker Tesla saw record trading during Friday's session, with the stock achieving volumes that exceeded 4 times the stock's last average in 30 days.

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According to Arabiya Net, this activity on the stock was caused by unprecedented inflows from inactive funds prior to the start of trading on the stock within the SP500 index as of next Monday's session. < / p>

The stock rose by about 5.9% in the last sessions of the week to close at a new record high around new record levels at $ 695 per share, with some fluctuations in the stock that limited its gains According to what was reported by the US CNBC network.

FactSet data indicates that the volume of trading on the share reached about 200 million shares, making it one of the most traded stocks in the market at the last session of the week, and this volume is equivalent to about 4 times the average Daily trading volumes in the last month due to purchases of passive funds.

and passive funds are a class of investment funds that divide their investments into stocks according to the weight of each share within the index and without the slightest interference from the fund in choosing. The index increased the value of liquidity flows to it, and vice versa.

and prior to the Friday session, SP Dow Jones Indices estimated the volume of inactive funds trading in Tesla's stock with purchases estimated at $ 85 billion, while total trading values ​​on the stock after the expiry The session is $ 131 billion, while it is also estimated that the purchases of investors who informally track the performance of the index will push the buying activities on the stock between 50-100%.

and the steady rise in the company's shares will make it the fifth or sixth largest company on the index in terms of relative weight, as the SP500 index follows a methodology weighted by market value is determined Market capitalization by the amount of shares available for trading.

and upon the announcement of the company’s joining the index, Tesla's relative weight on the index was about 1%, but the recent gains caused the company to weigh up on the index, which means that the funds Those that follow the index will have to buy more of the company's shares.