Tadawul All-Share Index
| Tadawul All-Share Index | |
|---|---|
|
|
| base data | |
| Country | Saudi Arabia |
| Stock exchange | Tadawul |
| ISIN | not known |
| WKN | not known |
| symbol | TASI |
| RIC | ^ TASI |
| Bloomberg code | SASEIDX <INDEX> |
| category | Stock index |
| Type | Price index |
| family | Single index |
The Tadawul All-Share Index (TASI) is the leading share index in Saudi Arabia . It includes all companies listed on the Tadawul Stock Exchange.
calculation
The Tadawul All-Share Index is a price index in which all stock companies of the Tadawul Stock Exchange are listed. It reflects the development of the entire Saudi Arabian stock market. The index level is determined solely on the basis of share prices and only adjusted for income from subscription rights and special payments. The weighting is based on the market capitalization of the listed companies. Corporate actions such as stock splits have no (distorting) influence on the index. The calculation is continuously updated during trading hours from 9:00 a.m. to 3:00 p.m. local time (7:00 a.m. to 1:00 p.m. CET ).
history
20th century
The index started on February 27, 1985 under the name National Center for Financial and Economic Information Index (NCFEI Index). The base value was initially 100 points. On January 23, 1998, the index was multiplied by a factor of 10 and the base value of 1985 was set at 1,000 points.
On February 28, 1985 the index closed at 1,013.00 points. In 1986 the oil price fell to less than ten US dollars per barrel due to global overproduction of crude oil and the attempt by some OPEC countries to improve their position on the world market by lowering prices. Because of this sharp drop in prices, OPEC was in a crisis. Declining oil revenues weighed on the stock market. By September 11, 1986, the NCFEI Index had fallen 39.4 percent to a closing level of 614.00 points.
In 1990 the OPEC target price was increased from US $ 18 to US $ 21 per barrel. The price target was only met due to the Gulf War and the invasion of Kuwait. On May 14, 1992, the Saudi Arabian benchmark index ended trading at 2,351.00 points. The profit since September 1986 is 282.9 percent.
In the years 1990 to 1994, the OPEC production volume was increased by 8.5 percent, nevertheless the income from the oil export fell. Accordingly, prices on the domestic stock market suffered losses. On May 1, 1995, the NCFEI index closed at 1,140.57 points, 51.5 percent lower. On October 27, 1997, the stock index ended trading at 2,001.30 points, 75.4 higher.
In the years 1997 to 1999 parts of the world experienced financial , currency and economic crises ( Asian crisis , Brazilian crisis , Russian crisis ). The crises made investors in Saudi Arabia nervous and there was an increased outflow of capital. On March 2, 1999, the NCFEI index closed at 1,313.58 points. The loss since October 1997 is 34.4 percent.
21st century
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On October 6, 2001, the Tadawul trading system was introduced on the Saudi Stock Exchange. It replaced the Electronic Securities Information System (ESIS) launched in 1990. To reflect this change, the NCFEI Index has been renamed the Tadawul All-Share Index (TASI).
At the beginning of the 21st century, the persistently high oil price and economic reforms boosted the stock market in Saudi Arabia. Local investors increasingly invested their petro-dollars in their own country, whereas in earlier booms they had invested more of their money in industrialized countries . The TASI set numerous records between late 1999 and early 2006. On March 22, 2004, the stock market barometer ended trading above the limit of 5,000 points for the first time and on March 17, 2005 for the first time above the 10,000 point mark. The limit of 15,000 points fell for the first time on September 19, 2005 and the 20,000 point mark on February 21, 2006. Four days later, on February 25, 2006, the Saudi Arabian benchmark index closed at 20,634.86 points All time high. The profit since March 1999 is 1,470.4 percent.
After the speculative bubble burst , the Tadawul All-Share Index fell by 66.7 percent to June 16, 2007, to a closing level of 6,861.80 points. It was the biggest fall in the history of the Index. The index bounced back from its lows over the next seven months. On January 12, 2008, the TASI closed at 11,895.47 points, 73.3 percent higher.
In the course of the international financial crisis , which had its origin in the US real estate crisis in the summer of 2007, the index began to decline again. From the third quarter of 2008, the crisis increasingly affected the real economy. As a result, share prices collapsed worldwide. On November 18, 2008, the TASI fell below the limit of 5,000 points. The stock market barometer reached a new low on March 9, 2009, when it ended trading at 4,130.01 points. Since January 12, 2008, this corresponds to a decrease of 65.3 percent.
March 9, 2009 marks the turning point of the downward trend. From spring 2009 the Tadawul All-Share Index was on the way up again. By April 26, 2010 it rose by 67.8 percent to a closing level of 6,929.40 points. The protests in the Arab world 2010–2011 and the fear of investors that the unrest would spread to Saudi Arabia caused the domestic benchmark index to fall by 23.2 percent to 5,323.27 points by March 2, 2011. A recovery in prices led to increases in value on the stock market. On April 3, 2012, the index closed at 7,930.58 points, 49.0 percent higher than a year earlier.
Highs
The overview shows the all-time highs of the Tadawul All-Share Index.
| Points | date | |
|---|---|---|
| in the course of trading | 20,966.58 | Monday February 25, 2006 |
| on a closing price basis | 20,634.86 | Monday February 25, 2006 |
Milestones
The table shows the milestones of the Tadawul All-Share Index.
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Annual development
The table shows the annual development of the Tadawul All-Share Index since 1985.
| year | Final score in points |
Change in points |
Change in% |
|---|---|---|---|
| 1985 | 690.88 | ||
| 1986 | 646.03 | −44.85 | −6.49 |
| 1987 | 780.64 | 134.61 | 20.84 |
| 1988 | 892.00 | 111.36 | 14.27 |
| 1989 | 1,086.83 | 194.83 | 21.84 |
| 1990 | 979.77 | −107.06 | −9.85 |
| 1991 | 1,765.24 | 785.47 | 80.17 |
| 1992 | 1,888.65 | 123.41 | 6.99 |
| 1993 | 1,793.30 | −95.35 | −5.05 |
| 1994 | 1,282.87 | −510.43 | −28.46 |
| 1995 | 1,367.60 | 84.73 | 6.60 |
| 1996 | 1,531.00 | 163.40 | 11.95 |
| 1997 | 1,957.80 | 426.80 | 27.88 |
| 1998 | 1,413.10 | −544.70 | −27.82 |
| 1999 | 2,028.53 | 615.43 | 43.55 |
| 2000 | 2,258.29 | 229.76 | 11.33 |
| 2001 | 2,430.11 | 171.82 | 7.61 |
| 2002 | 2,518.08 | 87.97 | 3.62 |
| 2003 | 4,437.58 | 1,919.50 | 76.23 |
| 2004 | 8,206.23 | 3,768.65 | 84.93 |
| 2005 | 16,712.64 | 8,506.41 | 103.66 |
| 2006 | 7,933.29 | −8,779.35 | −52.53 |
| 2007 | 11,175.96 | 3,242.67 | 40.87 |
| 2008 | 4,802.99 | −6,372.97 | −57.02 |
| 2009 | 6,121.76 | 1,318.77 | 27.46 |
| 2010 | 6,620.75 | 498.99 | 8.15 |
| 2011 | 6,418.13 | −202.62 | −3.06 |
| 2012 | 6,801.22 | 383.09 | 5.97 |
| 2013 | 8,536.60 | 1734.38 | 25.50 |
| 2014 | 8,333.30 | −202.30 | −2.37 |
| 2015 | 6,911.76 | −1,421.54 | −17.06 |
| 2016 | 7,210.43 | 298.67 | 4.32 |
| 2017 | 7,226.32 | 15.89 | 0.22 |
| 2018 | 7,826.73 | 600.41 | 8.31 |
| 2019 | 8,389.23 | 562.50 | 7.19 |
Web links
Individual evidence
- ↑ Frankfurter Allgemeine Zeitung: 2005: Super year for Arab stock exchanges , from December 27, 2005
- ^ A b c Tadawul: Historical courses ( Memento of November 28, 2011 in the Internet Archive ).
- ↑ Kingdom of Saudi Arabia - Ministry of Finance: Annual development ( Memento of the original from December 19, 2012 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ^ Tadawul All Share Index (Saudi Arabia) Yearly Stock Returns. Retrieved December 13, 2019 .
