Saudi Exchange Launches TASI50 Index To Track Top 50 Companies

The Saudi Exchange Co. unveiled the TASI50 Index on Sunday, a new benchmark index tracking the performance of the top 50 companies listed on the Saudi exchange market. This latest financial tool is designed to provide a real-time overview of the market’s performance, assisting investors in making informed decisions.

The TASI50 Index comprises the 50 largest companies in terms of total market capitalization listed on the Saudi Exchange. A key criterion for inclusion in the index is a minimum annual traded value ratio of 5%. This composition ensures that the index accurately reflects the dynamics of the market’s most significant players.

This new index is expected to play a crucial role in the development of financial products and the enhancement of risk management strategies. Its introduction follows the successful launch of the Size Indices and the IPO Index in September 2023, marking another milestone in the evolution of the Saudi financial market.

The TASI50 Index is expected to provide increased transparency and a more comprehensive understanding of the market, which could attract more investors and strengthen the overall financial landscape in Saudi Arabia.