The TASI50 Index will debut on Sunday, January 7, 2024, according to a statement released by the Saudi Exchange Company. The purpose of the recently launched TASI50 Index is to monitor the performance of the top 50 Saudi Exchange-listed firms based on their total market capitalization.
This index's members maintain a minimum annual traded value ratio (ATVR) of 5% and account for 90% of the free float market capitalization. The TASI50 is guaranteed to appropriately reflect the movements of the biggest and most significant firms in the market thanks to its composition. The index has the potential to be a crucial benchmark for a number of financial instruments, including as options, futures, and exchange-traded funds (ETFs).
The Financial Sector Development Programme has advanced significantly with the launch of the TASI50 Index, the business announced in a statement. In the constantly changing and developing Saudi capital market, it provides a crucial benchmark for investment products and presents a wide range of investment options to both domestic and foreign investors.
