Al Rajhi Bank largest heavyweight on MT30 at 2022-end with 14.12%; SNB follows

Tadawul trading screen

The Saudi Exchange (Tadawul) disclosed the top 10 companies on the MSCI Tadawul 30 Index (MT30) by the end of December 2022.

The 10 companies accounted for 72.06% of the index weight, compared to 74.54% by the end of September 2022.

Al Rajhi Bank topped the list of the largest weighted stocks on the index with 14.12%, with Saudi National Bank (SNB)  in the second place with 12.31%.

Saudi Arabian Oil Co. (Saudi Aramco) secured the third place with 8.94%, while Saudi Basic Industries Corp. (SABIC) took the fourth rank with 8.63%.

Compared to September 2022, the MSCI Tadawul 30 Index (MT30) list was unchanged in terms of the companies included but witnessed changes only in weights.

The following are the top 10 companies on the MSCI Tadawul 30 Index (MT30) by the end of December 2022:

The financial sector was the heaviest on MT30 with a 49.91% weight, followed by materials (23.15%).

The MSCI Tadawul 30 Index targets the top 30 securities of the MSCI Saudi Arabia IMI Index based on free-float market capitalization with capping criteria.