Al Rajhi Bank largest heavyweight on MT30 in Q1 2020, Aramco ranks 4th

02/06/2020 Argaam Special

 

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 wise, the financial sector was the heaviest on MT30 with a 47.12% weight, followed by materials (24.06%).

 

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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