The US-based Technical Index Fund was listed on the Saudi Main Market on January 12, 2023. This fund specializes in technology company stocks traded on the US market through the “TECH 125 Islamic M Series Index” benchmark.

There are 10 index funds in the Saudi main market in different fields, and the Al-Bilad American Technical Fund is considered one of 6 index funds affiliated with Al-Bilad Financial Company.

The fund has achieved positive performance since its listing date with a growth of 82%, in addition to its continued growth until 2024, achieving a performance of 32% since the beginning of the year.

Listing price: 10 riyals per unit
Today's price November 27, 2024: 18.21 riyals per unit

The fund reached its highest peak at SAR 18.50 since listing, but began to decline slightly since November 20, the date of the announcement of Nvidia’s quarterly results, which is the largest component of the fund and the biggest influencer on the fund’s price.

The fund invests in the most prominent technology companies listed on the US market. According to the latest report on the fund components issued on November 14, 2024, the top 10 companies and their weight in the fund appear.

- Nvidia 28.8%
- Microsoft 20%
- Tesla 4.9%
- Bronchom 3.6%
- EMD 2.4%
- Adobe 2%
- Johnson & Johnson 1.9%
- Thermo Fisher 1.8%
- Abbott Laboratories 1.7%
- Intuitive 1.4%