Saudi Exchange launches TASI50 Index

Rick Steves

“This index offers a benchmark for investment products, allowing investors to track and benchmark performance based on specific criteria. With this index, both 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.”

The Saudi Exchange has introduced the TASI50 Index, focusing on the top 50 companies by total market capitalization.

This real-time index, with a minimum annual traded value ratio (ATVR) of 5%, serves as a crucial tool for investors, offering insights into market performance.

“TASI50 Index is a significant achievement for the Saudi capital market”

Saudi Exchange chief executive Mohammed Al Rumaih highlighted its significance, providing a benchmark for investment products and contributing to the growth of the Saudi economy. “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, both 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.”

This development follows the launch of the Size Indices and IPO Index in September 2023, diversifying investment strategies. The Size Indices broaden benchmarks for investors, while the Tadawul IPO Index evaluates the performance of Main Market companies within the last five years, facilitating investment in new and rapidly growing firms.

These indices align with the Financial Sector Development Program of Saudi Vision 2030, showcasing the commitment to advancing the Saudi capital market. For detailed information on the TASI50 Index, refer to the Saudi Exchange Website.

Capex.com launched iShares MSCI Saudi Arabia ETF

Last month, Capex.com announced the launch of the iShares MSCI Saudi Arabia ETF. This ETF tracks the investment results of a broad-based index comprised of major Saudi Arabian stocks, including The Saudi National Bank, Saudi Telecom, and Saudi Arabian Oil. These companies are key players in the Saudi economy, offering investors a chance to tap into the growth and development of the region’s largest economy.

The retail broker also introduced the iShares MSCI UAE ETF. This fund is designed to track the investment results of an index composed of blue-chip UAE stocks, such as Emirates Telecom, Emaar Properties, and Dubai Financial Market.

CAPEX.com has recently expanded its regulatory profile in the MENA region, having received in-principle approval to conduct a full spectrum of virtual assets business in Abu Dhabi. The license allows its parent, Key Way Markets Ltd, to bring the CAPEX.com brand closer to clients in the Middle East, with a major focus on the United Arab Emirates.

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