To provide medium to long term equity linked growth by investing in the Saudi Arabian stock market.
The funds invests in the shares of Saudi publicly quoted companies excluding banks.
Fund Manager's Comments:
TASI has sustained its gains for the second month in a row, and close at 6,710.56 points, which is 2.25% higher than the previous month. Thus, Market performance YTD has recorded 1.36% positive return. The strong and healthy first quarter results of 2011 for the Saudi banks, petrochemical and retail companies' earnings along with the steadiness of oil prices above the USD 100/barrel level, have led to the upward performance in TASI during this month. Market sectors have witnessed mixed performance during the month where the best performer sectors were the Retail and Insurance which soared by 11.91% and 10.99% respectively while the worst performer sectors were Transport sector and Bank & financial
services which declined by 5.55% and 1.57% compare to the previous month.
Trading activity rose slightly in April by 3.0% higher value than the previous month.
Banks & Financial Services
Telecom & IT
Agriculture & Food Industries
Building & Construction
Energy & Utilities
Al Rajhi Bank
Yanbu National Petrochemicals Co.
Saudi Arabian Mining Co.
Saudi Basic Industries Corp.
Fund Manager's Contact Information:
HSBC Building - 3rd Floor ,North Olaya Street - Al Morooj Area