Al Rajhi Bank largest heavyweight on MT30 with 15.22%; SNB, SABIC follow

25/07/2021 Argaam Special

Tadawul trading screen


The Saudi Exchange (Tadawul) disclosed the top 10 companies on the MSCI Tadawul 30 Index (MT30) by the end of June 2021.

 

The 10 companies accounted for 74.47% of the index weight, compared to 74.20% by the end of April 2021.

 

Al Rajhi Bank  topped the list of the largest weighted stocks on the index with 15.22%.

 

Saudi National Bank (SNB) moved down one notch to the second place with 14.15% weight, compared to 14.40% last April.

 

stc advanced to the fourth place, with 8.84% weight, while Saudi Aramco fell to the fifth place.

 

Fertilizer producer, SABIC Agri-Nutrients  joined the list with 2.86% weight. Meanwhile, Saudi Electricity Co. (SEC) exited the list.

 

Heavyweights on MT30 Index

Company

Weight

Al Rajhi

15.22%

SNB

14.15%

SABIC

12.27%

stc

8.84%

Saudi Aramco

8.64%

Riyad Bank

4.00%

Maaden

3.05%

SABB

2.90%

SABIC Agri-Nutrients 

2.86%

BSF

2.54%

Total

74.47%

 

Sector wise, the financial sector was the heaviest on MT30 with 45.81% weight, followed by materials (25.35%).

 

Sectors Weights in MT30 Index

Sector

Weight

Financial

45.81%

Materials

25.35%

Telecommunication

10.95%

Energy

8.64%

Consumer staples

3.65%

Utilities

2.25%

Healthcare

1.95%

Consumer discretionary

1.39%

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