Tadawul trading screen
The Saudi Exchange (Tadawul) disclosed the top 10 companies on the MSCI Tadawul 30 Index (MT30) by the end of June 2022.
The 10 companies accounted for 74.20% of the index weight, compared to 75.02% by the end of December 2021.
Saudi National Bank (SNB) topped the list of the largest weighted stocks on the index with 14.40%, with Al Rajhi Bank in the second place with a 14.00%.
Petrochemicals giant, Saudi Basic Industries Corp. (SABIC) secured the third place with 12.90%, while Saudi Arabian Oil Co. (Saudi Aramco) took the fourth rank with 9.00%.
Compared to December 2021, the list witnessed the inclusion of Saudi Electricity Co. (SEC) with 2.50%, while SABIC Agri-Nutrients exited. Riyad Bank and Saudi British Bank (SABB) moved up to the sixth and seventh ranks, respectively.
The following is the top 10 companies on the MSCI Tadawul 30 Index (MT30) by the end of June 2022:
|
End of June 2022Heavyweights on MT30 Index - |
|
|
Company |
Weight |
|
SNB |
14.40% |
|
Al Rajhi Bank |
14.00% |
|
SABIC |
12.90% |
|
Saudi Aramco |
9.00% |
|
stc |
8.81% |
|
Riyad Bank |
4.16% |
|
SABB |
2.92% |
|
Maaden |
2.85% |
|
BSF |
2.66% |
|
Saudi Electricity |
2.50% |
|
Total |
74.20% |
Sector wise, the financial sector was the heaviest on MT30 with a 45.25% weight, followed by materials (25.61%).
|
Sectors Weights in MT30 Index |
|
|
Sector |
Weight |
|
Financial |
45.25% |
|
Materials |
25.61% |
|
Telecommunication Services |
10.92% |
|
Energy |
9.00% |
|
Consumer Staples |
3.45% |
|
Utilities |
2.50% |
|
Healthcare |
1.92% |
|
Consumer Discretionary |
1.35% |
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.
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