The Saudi Stock Exchange (Tadawul) disclosed the top 10 companies on the MSCI Tadawul 30 Index (MT30) by the end of December 2019.
The 10 companies accounted for 68.56% of the index weight, compared to 72.26% by the end of September 2019.
Al Rajhi Bank retained its position as the largest weighted stock on the index with 13.37%, compared to 15.02% in the third quarter of 2019.
The major petrochemical producer SABIC also remained in the second place with a 11.75% weight, compared to 13.37% in September 2019.
Meanwhile, National Commercial Bank (NCB) ranked third with 9.86%.
State-owned Saudi Aramco came in the fifth place with a 5.88% weight. The giant oil producer started trading on Tadawul on Dec. 11, 2019 and was included in MSCI Emerging Markets Index on Dec. 18.
|
Highest Weight Companies in MT30 Index |
|
|
Company |
Weight |
|
Al Rajhi |
13.37 % |
|
SABIC |
11.75 % |
|
NCB |
9.86 % |
|
STC |
6.80 % |
|
Aramco |
5.88 % |
|
Samba |
5.31 % |
|
Riyad |
4.81 % |
|
SABB |
4.16 % |
|
BSF |
3.43 % |
|
Ma’aden |
3.19 % |
|
Total |
68.56 % |
Sector wise, the financial sector was the heaviest on MT30 with a 50.24% weight, followed by basic materials (25.02%).
|
Sectors Weights in MT30 Index |
|
|
Sector |
Weight |
|
Finance |
50.24% |
|
Basic materials |
25.02 % |
|
Telecom |
8.37 % |
|
Energy |
6.67% |
|
Main consumer goods |
3.57 % |
|
Utilities |
2.81 % |
|
Retailing |
1.63 % |
|
Real Estate |
0.97 % |
|
Healthcare |
0.72 % |
The MT30 Index was jointly launched by MSCI and Tadawul in February 2019.
The Index targets the top 30 securities, listed on the Saudi Main Equity Market, based on market capitalization with weight capping criteria, and is designed to serve as the basis for financial products including derivatives and ETPs.
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