Al Rajhi Bank largest heavyweight on MT30 with 15.28%; SNB, SABIC follow

Tadawul trading screen

The Saudi Exchange (Tadawul) disclosed the top 10 companies on the MSCI Tadawul 30 Index (MT30) by the end of December 2021.

The 10 companies accounted for 75.02% of the index weight, compared to 74.58% by the end of September 2021.

Al Rajhi Bank topped the list of the largest weighted stocks on the index with 15.28%, with Saudi National Bank (SNB) in the second place with 14.58%.

Major petrochemical producer, Saudi Basic Industries Corp. (SABIC), came third at 11.39% while the oil giant Saudi Aramco secured fourth place with 8.59%.

Banque Saudi Fransi (BSF) moved forward to the ninth position in the MSCI Tadawul 30 Index (MT30) list, while Saudi British Bank (SABB) moved back to the 10th place.

Sector wise, the financial sector was the heaviest on MT30 with 47.48% weight, followed by materials (26.40%).

MT30 Index represents the performance of the 30 largest listed securities in the Saudi equity market based on the market capitalization of free-float shares.