Al Rajhi Bank tops MT3​0 index heavyweights in September; SABIC, Aramco follow

13/10/2020 Argaam Special


MSCI Inc. disclosed the top 10 companies on the MSCI Tadawul 30 Index (MT30) by the end of September 2020.

                                                  

The 10 companies accounted for 70.73% of the index weight, compared to 70.63% by the end of June 2020.

 

Al Rajhi Bank topped the list of the largest weighted stocks on the index with 12.36%, compared to 12.26% in June 2020.

 

The major petrochemical producer SABIC moved back one notch to the second place with a 12.22% weight, compared to 14.02% in June 2020. Meanwhile, Saudi Aramco came third with 12.13% compared with 6.90% in June.

 

The list of heavyweights on MT30 Index witnessed no changes in September compared with June:

 

Heavyweight Companies on MT30 Index

Company

Weight

Al Rajhi

12.36%

SABIC

12.22%

Saudi Aramco

12.13%

Saudi Telecom

9.25%

NCB

8.39%

Samba

4.05%

Riyad Bank

3.86%

BSF

2.93%

SABB

2.79%

SAFCO

2.76%

Total

70.73%

 

Sector wise, the financial sector was the heaviest on MT30 with a 41.75% weight, followed by materials (25.14%).

 

Sectors Weights in MT30 Index

Sector

Weight

Finance

41.75%

Materials

25.14%

Telecommunication

12.65%

Energy

10.90%

Consumer staples

3.96%

Public Utilities

2.20%

Consumer discretionary

1.69%

Healthcare

0.94%

Real Estate

0.76%

 

 

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