The second and final tranche of Saudi Arabia’s inclusion on MSCI Emerging Markets Index funds kicks off today, based on the closing prices on August 27, 2019.
In June 2018, MSCI decided to add the Saudi Stock Exchange (Tadawul) to its Emerging Markets Index in two phases.
The first phase officially kicked off on May 29 at 50 percent of the Saudi market capitalization on the index.
Following the second phase, the weight of Saudi Arabian securities will increase from 1.45 percent to 2.83 percent in the MSCI Emerging Markets Index.
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Stages of Saudi Market's Inclusion in MSCI Emerging Markets Index |
||
|
First stage |
Second stage |
|
|
Date |
May 29, 2019 |
Aug. 28, 2019 |
|
Tranche size |
50% |
50% |
|
Total |
50% |
100% |
|
Value of inactive investments expected to enter the market (SAR bln) |
18.75 |
18.75 |
The Saudi stock exchange saw yesterday inactive investment in 503.3 million shares valued at SAR 19.7 billion, following the implementation of the second and final stage of the entry of foreign MSCI funds.
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Large deals during August 27 auction |
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|
Company |
Value (SAR) |
Volume (Share) |
Total value (mln shares) |
No. Of Transactions |
|
SABIC |
101.20 |
26435700 |
2675.3 |
646 |
|
Al Rajhi |
63.90 |
41801879 |
2671.1 |
687 |
|
NCB |
49.60 |
40904385 |
2028.9 |
446 |
|
STC |
103.80 |
13778585 |
1430.2 |
596 |
|
SAMBA |
30.35 |
35828097 |
1087.4 |
431 |
|
Riyad Bank |
26.00 |
39407412 |
1024.6 |
519 |
|
Saudi Fransi |
37.70 |
19890800 |
749.9 |
393 |
|
MAADEN |
47.15 |
15303956 |
721.6 |
342 |
|
SEC |
21.60 |
27762103 |
599.7 |
602 |
|
Alinma |
22.68 |
25711743 |
583.1 |
683 |
|
SABB |
33.00 |
15516944 |
512.1 |
350 |
|
SAFCO |
81.20 |
6188930 |
502.5 |
536 |
|
Almarai |
51.70 |
9527485 |
492.6 |
437 |
|
Yansab |
56.00 |
7863535 |
440.4 |
596 |
|
Jarir |
163.40 |
2056195 |
336.0 |
318 |
|
Albilad |
26.90 |
12037421 |
323.8 |
480 |
|
Mobily |
26.00 |
12368714 |
321.6 |
624 |
|
Savola |
31.40 |
8845331 |
277.7 |
400 |
|
Saudi Kayan |
10.96 |
24542778 |
269.0 |
683 |
|
Spichem |
18.84 |
11866189 |
223.6 |
366 |
|
Aljazira |
14.20 |
15428852 |
219.1 |
332 |
|
Dar Al-Arkan |
11.90 |
18162967 |
216.1 |
559 |
|
Advanced |
57.40 |
3317400 |
190.4 |
367 |
|
SIIG |
22.80 |
7774418 |
177.3 |
269 |
|
Saudi Cement |
65.30 |
2531947 |
165.3 |
338 |
|
Tasnee |
14.24 |
11118736 |
158.3 |
438 |
|
Petro Rabigh |
19.96 |
7641498 |
152.5 |
327 |
|
Emaar |
10.32 |
13325599 |
137.5 |
429 |
|
Tawuniya |
65.40 |
2089905 |
136.7 |
366 |
|
Catering |
89.60 |
1191291 |
106.7 |
285 |
|
Bupa Arabia |
104.00 |
917796 |
95.5 |
215 |
|
Mouwasat |
92.00 |
439841 |
40.5 |
119 |
|
SRMG |
95.90 |
339789 |
32.6 |
123 |
|
Zain Saudi |
12.32 |
2522184 |
31.1 |
250 |
|
Al-Othaim |
84.00 |
359839 |
30.2 |
108 |
|
Seera |
17.36 |
1674443 |
29.1 |
78 |
|
Southern Cement |
55.60 |
499100 |
27.7 |
92 |
|
Fitness Time |
81.50 |
308774 |
25.2 |
155 |
|
Yanbu Cement |
34.00 |
686402 |
23.3 |
125 |
|
ANB |
24.00 |
961007 |
23.1 |
75 |
|
eXtra |
79.40 |
273353 |
21.7 |
101 |
|
Yamama Cement |
19.98 |
955681 |
19.1 |
90 |
|
SADAFCO |
135.00 |
133928 |
18.1 |
102 |
|
Qassim Cement |
55.40 |
320652 |
17.8 |
87 |
|
Aldrees |
41.90 |
406524 |
17.0 |
121 |
|
Alhokair |
21.58 |
737579 |
15.9 |
100 |
|
Al-Hammadi |
22.98 |
642171 |
14.8 |
56 |
|
Dallah Health |
51.00 |
286343 |
14.6 |
90 |
|
City Cement |
13.60 |
1066856 |
14.5 |
113 |
|
Arabian Cement |
29.90 |
466720 |
13.9 |
82 |
|
Arriyadh Development |
15.90 |
759388 |
12.1 |
130 |
|
Budget Saudi |
31.90 |
354155 |
11.3 |
49 |
|
Herfy Foods |
51.40 |
217370 |
11.2 |
50 |
|
Care |
53.00 |
207378 |
11.0 |
105 |
|
Eastern Cement |
31.95 |
314141 |
10.0 |
66 |
|
SACO |
63.40 |
154955 |
9.8 |
39 |
|
Pharmaceutical |
26.70 |
355052 |
9.5 |
117 |
|
Ceramics |
22.50 |
346977 |
7.8 |
40 |
|
Nadec |
24.50 |
296736 |
7.3 |
39 |
|
GASCO |
29.50 |
239414 |
7.1 |
51 |
|
SAPTCO |
14.18 |
466408 |
6.6 |
55 |
|
Al Rajhi Takaful |
58.00 |
99574 |
5.8 |
36 |
|
Chemical |
32.95 |
151940 |
5.0 |
54 |
|
Northern Cement |
9.56 |
509360 |
4.9 |
58 |
|
Saudi German Hospital |
25.50 |
172268 |
4.4 |
35 |
|
SRECO |
11.42 |
359634 |
4.1 |
41 |
|
Alujain |
22.06 |
175657 |
3.9 |
36 |
|
Najran Cement |
8.58 |
439854 |
3.8 |
32 |
|
Aseer |
9.07 |
383263 |
3.5 |
43 |
|
Dur |
18.30 |
184843 |
3.4 |
27 |
|
Halwani Bros |
33.45 |
48015 |
1.6 |
24 |
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