Impact of Financial Engineering tools on the Performance of the Saudi Stock Market for the Period (2020-2024)

Abstract

The purpose of this study is to analyse the relationship between the financial engineering instruments of Islamic investment funds and the stock market, which were represented by the general index of the Saudi stock market, using the self-degradation model of the distribution of ARDL for the period 2020-2024. The main findings of the study are the existence of a long-term and short-term reverse and moral relationship between the KP and the general index of the Saudi stock market, and the existence of an exogenous and moral relationship between the BP and TASI fund and the TASI index, the remaining variables of the IP and ATP and the ASP community trading fund. We have noted that there is no relationship between them and the TASI index, which means that these funds are affected by special factors outside the financial market or what is known as irregular risks