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Saudi Stock Exchange (Tadawul) today announced the launch of its Growth – Higher Limit growth index from Sunday, March 24, 2019.
Tadawul said in a statement today that it was part of the previously announced fundamental changes aimed at developing the parallel market, increasing the number of publicly traded companies and increasing liquidity in circulation..
The highest market index is based on the same methodology used to calculate the main market indices and sector indices, with a maximum limit of no more than 20%. The index will be reviewed quarterly according to the maintenance cycle. Indicators in Tadawul.
She added that the parallel market index with the upper limit will be a main indicator of the parallel market and will be posted on the Tadawul home page, while the current parallel market index will be available on the Tadawul website and the electronic reference portal..
The base date for this index is March 21, 2019. The underlying value will be the closing value of the index on that day, the historical data of which will be calculated retroactively to January 2019 and will be available on the site. Tadawul Web.
She pointed out that high-end indicators are mainly used by fund managers, but also by investors, researchers and academics.
The high-level indicators followed the same calculation method as that used for key market indicators and sector indicators.
Downward indicators will be reviewed on a quarterly basis, in line with Tadawul's reference maintenance cycle, she added..
For more information on the parallel market growth index
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