Al Rajhi Bank, SABIC remain TASI heavyweights in Q1 2017

02/04/2017 Argaam Special

Al Rajhi Bank was ranked the largest weighted stock on the Tadawul All Share Index (TASI) for the tenth consecutive quarter in Q1 2017, data compiled by Argaam showed.

 

The blue chip lender’s weighting on the index rose to 12.8 percent in Q1, up from 10.44 percent in the previous quarter.

 

Petrochemical giant Saudi Basic Industries Corp. (SABIC) came in second at 8.66 percent.

 

Jabal Omar Development and National Commercial Bank (NCB) followed at 5.45 percent and 3.98 percent, respectively.

 

Several companies changed ranks in Q1 compared to the previous quarter, as Saudi Telecom Co. (STC) moved up to the fifth place from the sixth place, while Saudi Arabian Mining Company (Maaden) jumped two notches to the 11th rank.

 

Jarir Marketing Co. climbed from the 20th to the 14th place, while Saudi Arabia Fertilizers Co. (SAFCO) and Arab National Bank both slipped three spots to the 17th and 20th place, respectively.

 

Meanwhile, Riyad REIT Fund topped Tadawul’s list of highest traded stocks in Q1 2017, compared to Q4 2016. 

 

Companies by Weight on TASI (Q1 2017)

Weight

on the index

Closing Price

(SAR)

Company

Ranking

 12.80%

63.84

Al Rajhi Bank

1

   8.66%

96.82

SABIC

2

  5.45%

67.99

Jabal Omar

3

  3.98%

39.44

NCB

4

 3.07%

66.87

STC

5

 3.06%

21.46

Samba

6

 2.91%

70.54

Almarai

7

 2.37%

25.89

Banque Saudi Fransi

8

 2.37%

15.02

Alinma Bank

9

 2.35%

10.54

Riyad Bank

10

 2.34%

40.90

Maaden

11

 2.34%

23.18

Saudi Electricity Co.

12

 2.33%

41.23

Savola

13

 1.65%

135.04

Jarir

14

 1.63%

57.24

Yansab

15

 1.63%

105.44

Makkah Construction

16

 1.62%

68.57

SAFCO

17

 1.56%

22.60

Saudi British Bank

18

 1.45%

17.53

Tasnee

19

 1.37%

19.87

Arab National Bank

20

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