Tadawul begins fifth phase of FTSE inclusion today

23/03/2020 Argaam Special

 

The fifth phase of Saudi Arabia's inclusion in FTSE Russell Emerging Market Index starts today, March 23, 2020, based on closing prices of March 19, 2020.

 

The fifth phase has been divided into 2 tranches; the first will be with an inclusion factor of 25%, while the second will be effective in June 2020 with an inclusion factor of 75%.

 

The first tranche of inclusion began on March 18, 2019, while the second tranche was on May 1, 2019. The third tranche inclusion took place on June 24, 2019, followed by the fourth tranche on Sept. 23, 2019.

 

Saudi Arabia is estimated to have an index weight of 0.25% in the FTSE Global Equity Index Series, and 2.7% in the FTSE Emerging All Cap Index.

 

In August, Tadawul completed the second and final phase of joining the MSCI Emerging Markets Index, raising its weight on the closely-monitored index to 2.8%.

 

Additionally, the first tranche of Saudi Arabia’s inclusion in the S&P DJI Emerging Markets index began in March, with the second phase completed in September 2019. 

 

Stages of Including Tadawul into FTSE Emerging Market Index

Tranches

1st tranche

2nd tranche

3rd tranche

4th tranche

5th tranche

Review date

March 18, 2019

May 1,

2019

June24,

2019

Sept. 23,

2019

March 23, 2020

June 2020

Tranche size

10 %

15 %

25 %

25 %

25 %

75%

Total

10 %

25 %

50 %

75 %

81.25%

100%

Non-active investments*

1.8

2.7

4.5

4.5

1.12

3.38

*SAR bln

 

On March 19, 2020, Tadawul witnessed active closing coinciding with the entry of foreign funds affiliated with the FTSE Index. A total of 88.6 million shares were traded at a total value of SAR 2.2 billion in 10,900 transactions.

 

Auction Time Large Deals

Company

Deal price (SAR)

Deal size (share)

Deal value

(SAR mln)

Number of deals

Banque Saudi Fransi

25.70

13767612

353.83

162

Al Rajhi

52.70

4121194

217.19

511

ANB

17.36

11567167

200.81

99

SABIC

66.60

2716479

180.92

285

STC

83.50

1654663

138.17

131

NCB

33.45

3548008

118.68

124

Saudi Aramco

29.35

3095766

90.86

212

Riyad

14.70

4367186

64.20

177

Samba

20.00

3083320

61.67

149

Alinma

19.02

2889592

54.96

280

Maaden

31.15

1426668

44.44

106

SAFCO

61.00

597318

36.44

162

Yansab

41.50

829308

34.42

155

SEC

15.10

2245675

33.91

103

Mobily

20.22

1510101

30.53

232

Dar Al Arkan

8.28

3605230

29.85

91

Saudi Kayan

7.10

3806547

27.03

365

Almarai

43.10

600664

25.89

79

Savola

30.50

834675

25.46

121

Arabian Centres

21.38

1089717

23.30

49

Jarir

124.80

150077

18.73

84

Albilad

19.40

877884

17.03

118

Aljazira

10.70

1553563

16.62

114

SABB

20.02

658611

13.19

82

Sipchem

11.40

1118946

12.76

155

Seera

13.98

903318

12.63

95

Bupa Arabia

86.20

139713

12.04

125

Advanced

41.55

287550

11.95

89

Tawuniya

60.00

184080

11.04

58

Southern Cement

54.40

175558

9.55

73

Saudi Cement

44.20

201141

8.89

80

Tasnee

8.70

979208

8.52

64

SIIG

14.60

563957

8.23

107

Emaar

6.86

1165769

8.00

95

Saudi Catering

73.00

105272

7.68

66

Al Othaim

84.40

81595

6.89

51

City Cement

12.00

464387

6.68

110

Petro Rabigh

10.36

592303

6.14

78

Mouwasat

74.70

77778

5.81

74

SPIMACO

23.82

234968

5.60

41

Aldrees

54.10

102242

5.53

80

Zain

9.00

568723

5.12

122

ARDCO

13.00

381332

4.96

77

Qassim Cement

49.00

95766

4.69

60

eXtra

58.40

79451

4.64

86

Dallah

45.15

97521

4.40

54

Petrochem

18.00

216251

3.89

42

SGS

23.14

166445

3.85

33

Farm Superstore

14.28

258001

3.69

61

Yanbu Cement

25.20

143316

3.61

71

SADAFCO

130.00

25606

3.33

32

Sulaiman Al Habib Group

54.90

59929

3.29

71

Red Sea

9.71

337900

3.28

56

Maharah

59.70

51685

3.09

35

SRMG

54.70

54602

2.99

60

Leejam

55.50

50292

2.79

60

Alhokair

16.62

146341

2.43

50

Amiantit

9.54

240756

2.30

92

Arabian Cement

24.00

87984

2.11

46

SAPTCO

11.78

178117

2.10

29

Al Abdullatif

8.77

225291

1.98

78

GASCO

30.10

63887

1.92

53

Al Hammadi

18.94

94245

1.79

31

Al Akaria

12.00

145326

1.74

38

Care

36.00

48001

1.73

33

Budget Saudi

27.40

61481

1.68

52

Eastern Cement

25.00

60005

1.50

22

Hail Cement

9.11

158286

1.44

30

Dur

25.00

57647

1.44

36

NADEC

21.26

59849

1.27

50

Astra

15.06

82633

1.24

35

Herfy

43.45

25284

1.10

35

Saudi Chemical

20.80

51670

1.07

36

Saudi Ceramics

23.02

46253

1.06

23

Saudi German Hospital

27.00

37479

1.01

30

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