Tadawul begins third phase of FTSE inclusion today

24/06/2019 Argaam Special

The third phase of Saudi Arabia's inclusion in FTSE Russell Emerging Market Index will start today, June 24, based on closing prices of June 20, 2019, with an inclusion factor of 25 percent.

On June 20, Tadawul extended the closing auction session to 20 minutes. A total of 125.2 million shares changed hands in 8,590 transactions at a total value of SAR 5.21 billion.

FTSE Russel had earlier said Tadawul’s inclusion in the emerging markets index will take place in five tranches over the course of 12 months.

The first phase of the equity market's inclusion in FTSE index began on March 18, while the second one started on May 1.

On March 28, 2018, index provider FTSE Russell promoted Saudi Arabia to emerging secondary market status, starting from March 2019. The inclusion is expected to be fully completed by March 2020.

Read more: Tadawul begins second phase of FTSE inclusion

The first tranche of Saudi Arabia’s inclusion in the S&P DJI Emerging Markets index also began in March.

Stages of Saudi Inclusion in FTSE Index

Tranches

1st tranche

2nd tranche

3rd tranche

4th tranche

5th tranche

2018

Review date

March 18, 2019

May 1, 2019

June24, 2019

Sept. 23, 2019

March 23, 2020

Tranche size

10 %

15 %

25 %

25 %

25 %

Total

10 %

25 %

50 %

75 %

100 %

Non-active investments*

1.8

2.7

4.5

4.5

4.5

*SAR bln

Related: Tadawul to extend closing auction on June 20

Stock Market Highlights of June 20

Company

Deal price (SAR)

Deal size (share)

Deal value

(SAR mln)

Number of deals

SABIC

119.00

7,544,948

897.84

205

Al Rajhi

71.00

9,243,745

656.31

269

NCB

58.00

10,016,557

580.96

159

STC

110.00

4,947,058

544.18

133

Samba

36.00

6,226,504

224.16

150

SAFCO

86.00

1,698,670

146.09

170

Ma’aden

52.00

2,803,229

145.77

140

Yansab

63.00

2,054,044

129.4

136

Alinma

24.28

4,815,525

116.92

140

SEC

17.84

6,095,477

108.75

134

Savola

33.70

2,295,715

77.37

118

Mobily

24.14

3,126,546

75.47

146

Kayan

12.52

5,818,941

72.85

192

Dar Al Arkan

11.60

5,966,590

69.21

282

Albilad

27.20

2,507,362

68.2

112

Jarir

166.40

387,470

64.47

151

Sipchem

20.92

2,947,877

61.67

124

BSF

40.90

1,505,834

61.59

85

SIIG

25.00

2,133,222

53.33

117

Saudi Cement

70.00

690,046

48.3

106

Aljazira

15.20

3,083,854

46.87

180

Tasnee

17.02

2,509,998

42.72

145

SABB

39.30

896,733

35.24

90

Petro Rabigh

20.32

1,724,107

35.03

102

Advanced

58.80

589,485

34.66

100

Al Hammadi

21.96

1,300,754

28.58

126

22.72

264,647

6.01

37

Emaar

10.04

3,436,834

34.51

176

Almarai

53.40

645,269

34.46

91

Zain

12.32

2,268,257

27.94

79

Bupa Arabia

96.90

279,112

27.05

85

Southern Cement

50.60

534,370

27.04

63

Tawuniya

71.80

373,479

26.82

107

Petrochem

25.70

791,574

20.35

42

Catering

84.10

240,938

20.26

81

25.40

731,655

18.59

8

Mouwasat

90.30

194,976

17.61

38

Al Othaim

78.10

206,037

16.09

52

SEERA

17.90

727,648

13.03

61

SRMG

92.90

128,711

11.96

45

SADAFCO

113.00

91,006

10.28

43

Qassim Cement

47.00

210,375

9.89

36

Budget Saudi

33.50

277,941

9.31

33

Yanbu Cement

31.15

288,030

8.97

33

eXtra

69.90

114,823

8.03

47

Yamama Cement

17.68

438,397

7.75

35

SGS

28.20

257,219

7.25

27

Arabian Cement

26.45

267,389

7.07

29

Saudi German Hospital

27.70

224,698

6.22

29

City Cement

12.84

483,229

6.20

29

SPIMACO

26.75

231,194

6.18

33

Dur

17.60

333,026

5.87

23

NADEC

24.80

235,984

5.85

39

Care

59.00

92,337

5.45

20

SAPTCO

13.70

353,826

4.85

38

Aldrees

34.70

133,236

4.62

34

Amiantit

5.95

749,354

4.45

85

Herfy

55.60

80,032

4.45

21

Al Akaria

12.24

354,087

4.33

21

Eastern Cement

30.10

138,640

4.17

19

ARDCO

14.42

270,558

3.90

24

Saudi Chemical

31.25

122,906

3.84

21

Arabian Centres

26.00

146,852

3.82

14

GASCO

29.70

121,205

3.60

55

Ceramic

20.20

174,573

3.52

45

Dallah

49.25

70,655

3.48

88

Alhokair

14.28

237,130

3.39

17

Northern Cement

8.85

363,646

3.22

39

Najran Cement

8.30

310,150

2.57

36

Mouwasat

90.30

28,096

2.54

2

SAIB

18.80

130,185

2.45

3

Aseer

9.04

259,113

2.34

18

MedGulf

14.84

157,615

2.34

42

Tabuk Cement

12.20

185,498

2.26

37

Astra

15.52

133,031

2.06

19

Zamil

17.26

111,356

1.92

19

Chemanol

8.83

209,779

1.85

24

AlAbdullatif

11.60

151,684

1.76

19

Mahara

83.00

16,081

1.33

36

Jadwa REIT Saudi

8.59

153,193

1.32

33

Bawan

13.84

93,868

1.30

14

Al Jouf Cement

7.84

159,462

1.25

45

Farm Superstores

15.60

79,325

1.24

16

Al Rajhi REIT

8.45

137,018

1.16

28

ANB

24.76

45,048

1.12

7

Hail Cement

8.85

122,784

1.09

22

Fitness Time

71.00

15,000

1.07

1

Red Sea

14.18

71,776

1.02

20

 


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