AI Summary
The Saudi Stock Exchange (Tadawul) disclosed the top 10 companies on the MSCI Tadawul 30 Index (MT30) by the end of March 2020.
The 10 companies accounted for 68.29% of the index weight, compared to 68.56% by the end of December 2019.
Al Rajhi Bank retained its position as the largest weighted stock on the index with 14.39%, compared to 13.37% in December 2019.
The major petrochemical producer SABIC remained in the second place with a 11.46% weight, compared to 11.75% in December 2019.
Meanwhile, National Commercial Bank (NCB) ranked third with 9.09%.
The giant oil producer Saudi Aramco moved up one notch to the fourth place with a 7.90% weight, compared to 5.88% in Q4 2019.
Alinma Bank joined the list with a 3.34% weight, while Saudi Arabian Mining Co. (Maaden) exited the list.
|
Heavyweight Companies on MT30 Index |
|
|
Company |
Index weight |
|
Al Rajhi Bank |
14.39% |
|
SABIC |
11.46% |
|
NCB |
9.09% |
|
Saudi Aramco |
7.90% |
|
STC |
7.64% |
|
SAMBA |
4.31% |
|
Riyad Bank |
3.92% |
|
Alinma Bank |
3.34% |
|
SABB |
3.18% |
|
BSF |
3.06 % |
|
Total |
68.29% |
|
Sector weights |
|
|
Sector |
Weight |
|
Financials |
47.12% |
|
Materials |
24.06% |
|
Communication |
9.43% |
|
Energy |
8.41% |
|
Consumer staples |
4.61% |
|
Public utilities |
2.90% |
|
Consumer Discretionary |
1.64% |
|
Real Estate |
0.95% |
|
Health care |
0.89% |
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