Browse related articlesTadawul indices adopt free float method
Saudi Arabia: Wednesday, April 16 - 2008 at 16:24
The Tadawul in Saudi Arabia is the first GCC stock market to follow a free float methodology in its indices, moving it closer best practices followed around the world for capital markets. An NCB Capital report says that the methodology will result in significant change in the rankings of the top 10 companies and reduce market concentration on the top five companies. As a result, Sabic's weight has dropped on the TASI Index, while banks have benefited, making up six of the top 10.
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StaffWednesday, April 16 - 2008 at 16:24 UAE local time (GMT+4)
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