Al Rajhi Bank, SABIC largest weighted on TASI in Q2

Al-Rajhi Bank, Saudi Arabia’s second-largest listed bank by market capitalization, remained the largest weighted stock on the Tadawul All Share Index (TASI) for the third consecutive quarter, according to data compiled by Argaam.

Al-Rajhi’s weight stood at 8.01 percent in Q2-2015, compared to 8.08 percent in the previous quarter.

Petrochemical giant Saudi Basic Industries Corp. (SABIC) came second with a weight of 6.72 percent on the index.

National Commercial Bank (NCB) took the third position with 5.25 percent.

Samba Financial Group managed to move forward to fifth place, while Etihad Etisalat Co. (Mobily) slipped three spots to rank as 17^th.

The free-float index includes stocks with individual ownership of less than less than ten percent, according to Tadawul. Company weights on the index are based on their free-float market capitalization.

Argaam Reports