The Saudi Tadawul Company announced the launch of the TASI 50 Index, starting today, Sunday, January 7, with the aim of monitoring the performance of the 50 largest listed companies in terms of market capitalization.
The companies included in the index constitute 90% of the free market capitalization, and achieve an average annual traded value of no less than 5%, so that the index allows monitoring the performance of the largest companies at the market level.
The new index can be used as a benchmark for ETFs, futures contracts, options contracts, and other financial products.
The index also provides benchmarks for investment products, allowing local and foreign investors to access a variety of investment opportunities provided by the Saudi financial market.
