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

25/07/2021 Argaam Special

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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%

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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