The second and final tranche of the fifth phase of Saudi Arabia's inclusion in FTSE Russell Secondary Emerging Markets (EM) Index starts today, June 22, based on closing prices on June 18.
The fifth phase is divided into 2 tranches; the first was completed in March 2020 with an inclusion factor of 25%, while the second becomes effective today, with an inclusion factor of 75%.
The inclusion will increase Saudi Aramco’s weight from 0.51% to 0.77%, FTSE Russel said.
Tadawul’s inclusion in the emerging markets indices began in March 2019. The Saudi market joined MSCI Emerging Markets Index in August 2019, and S&P Dow Jones Indices (S&P DJI) last September.
The Saudi market was expected to attract a total of SAR 56 billion inactive flows throughout the phases of inclusion.
|
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 |
June 24, 2019 |
Sept. 23, 2019 |
March 23, 2020 |
June 2020 |
||
|
Tranche size |
10 % |
15 % |
25 % |
25 % |
25 % |
|||
|
25% |
75% |
|||||||
|
Total |
10 % |
25 % |
50 % |
75 % |
81.25 % |
100% |
||
|
Inactive inflows* |
1.80 |
2.70 |
4.50 |
4.50 |
1.12 |
3.38 |
||
|
Timeline: Saudi inclusion on MSCI |
||
|
Month |
First phase |
Second phase |
|
Date |
29 May 2019 |
29 August 2019 |
|
Value |
50% |
50% |
|
Total Value |
50% |
100% |
|
Inactive inflows* |
18.75 |
18.75 |
|
S&P DJI Inclusion Stages |
||
|
Tranches |
1st tranche |
2nd tranche |
|
Inclusion date |
March 18, 2019 |
Sept. 23, 2019 |
|
Tranche size |
50% |
50% |
|
Total |
50% |
100% |
*SAR billion (expected)
The closing auction and trade at last sessions saw active trading on Thursday, June 18, in line with the entry of FTSE’s foreign funds.
Investors traded 135.5 million shares in 16,850 transactions at a total value of SAR 4.4 billion.
|
Transactions on Thursday (June 18, 2020) |
||||
|
Company |
Price (SAR) |
Volume (share) |
Value (SAR mln) |
Number of Transactions |
|
Saudi Aramco |
33.10 |
20090189 |
664.99 |
2122 |
|
STC |
99.00 |
4898032 |
484.91 |
198 |
|
SABIC |
91.20 |
4746639 |
432.89 |
573 |
|
Al Rajhi Bank |
58.90 |
5846785 |
344.38 |
188 |
|
NCB |
37.60 |
8548172 |
321.41 |
225 |
|
ANB |
20.90 |
9841376 |
205.68 |
173 |
|
BSF |
30.70 |
5470821 |
167.95 |
206 |
|
Riyad Bank |
17.64 |
8244587 |
145.43 |
168 |
|
Samba |
23.70 |
6050144 |
143.39 |
226 |
|
Almarai |
56.00 |
1799785 |
100.79 |
390 |
|
Alinma Bank |
14.88 |
5843004 |
86.94 |
893 |
|
Savola |
45.25 |
1911613 |
86.50 |
266 |
|
SAFCO |
78.80 |
1058001 |
83.37 |
118 |
|
Yansab |
53.10 |
1528823 |
81.18 |
267 |
|
Maaden |
36.80 |
1955513 |
71.96 |
256 |
|
Saudi Electricity |
16.16 |
3754137 |
60.67 |
203 |
|
Etihad Etisalat |
28.70 |
1941264 |
55.71 |
118 |
|
Jarir |
143.80 |
333002 |
47.89 |
117 |
|
Bank Albilad |
22.22 |
2099774 |
46.66 |
268 |
|
SABB |
23.28 |
1586573 |
36.94 |
106 |
|
Arabian Centres |
22.70 |
1623491 |
36.85 |
244 |
|
Bupa Arabia |
115.00 |
319625 |
36.76 |
101 |
|
Saudi Kayan |
8.67 |
3648773 |
31.63 |
122 |
|
Al Othaim |
116.20 |
240075 |
27.90 |
135 |
|
Sipchem |
14.66 |
1890875 |
27.72 |
107 |
|
Advanced |
52.50 |
509902 |
26.77 |
105 |
|
Dar Al-Arkan |
7.27 |
3438596 |
25.00 |
154 |
|
Southern Cement |
54.50 |
443116 |
24.15 |
193 |
|
Bank Aljazira |
11.38 |
2009334 |
22.87 |
117 |
|
SIIG |
20.42 |
1101125 |
22.48 |
101 |
|
Tasnee |
10.36 |
2021393 |
20.94 |
147 |
|
Mouwasat |
89.50 |
225606 |
20.19 |
47 |
|
Petrochem |
25.30 |
785847 |
19.88 |
43 |
|
Catering |
77.90 |
231686 |
18.05 |
253 |
|
Tawuniya |
69.40 |
256702 |
17.82 |
106 |
|
Zain Saudi |
11.44 |
1350047 |
15.44 |
96 |
|
Petro Rabigh |
13.96 |
1068718 |
14.92 |
67 |
|
Saudi Cement |
50.10 |
297129 |
14.89 |
198 |
|
SADAFCO |
174.40 |
82272 |
14.35 |
70 |
|
Emaar EC |
6.90 |
1910489 |
13.18 |
226 |
|
Seera |
16.20 |
792949 |
12.85 |
218 |
|
SGS |
28.05 |
405207 |
11.37 |
145 |
|
Qassim Cement |
54.50 |
185434 |
10.11 |
83 |
|
NADEC |
28.10 |
324094 |
9.11 |
135 |
|
Yanbu Cement |
26.40 |
316277 |
8.35 |
50 |
|
Dur |
25.15 |
321092 |
8.08 |
49 |
|
Leejam Sports |
60.50 |
125004 |
7.56 |
69 |
|
SPIMACO |
30.35 |
239973 |
7.28 |
36 |
|
Yamama Cement |
19.98 |
328782 |
6.57 |
33 |
|
Saudi German Hospital |
30.00 |
199608 |
5.99 |
43 |
|
City Cement |
14.54 |
408385 |
5.94 |
99 |
|
Aldrees |
56.20 |
105409 |
5.92 |
100 |
|
SRMG |
62.00 |
95314 |
5.91 |
74 |
|
Al Hammadi |
21.88 |
264525 |
5.79 |
36 |
|
Eastern Cement |
27.25 |
208700 |
5.69 |
32 |
|
Al Akaria |
12.62 |
434870 |
5.49 |
33 |
|
Alhokair |
18.46 |
288605 |
5.33 |
52 |
|
Saudi Chemical |
23.00 |
210653 |
4.85 |
58 |
|
Dallah healthcare |
46.05 |
101333 |
4.67 |
81 |
|
Herfy Foods |
44.00 |
96130 |
4.23 |
77 |
|
eXtra |
54.70 |
76382 |
4.18 |
82 |
|
GASCO |
27.75 |
147637 |
4.10 |
232 |
|
Arabian Cement |
25.35 |
160649 |
4.07 |
62 |
|
Budget Saudi |
27.65 |
145302 |
4.02 |
84 |
|
Arriyadh Development |
14.22 |
278950 |
3.97 |
57 |
|
Hail Cement |
11.30 |
324690 |
3.67 |
86 |
|
Chemanol |
7.03 |
500428 |
3.52 |
96 |
|
Saudi Ceramic |
34.60 |
92737 |
3.21 |
29 |
|
Najran Cement |
10.62 |
299274 |
3.18 |
37 |
|
Northern Cement |
9.73 |
326247 |
3.17 |
98 |
|
Care |
42.50 |
74239 |
3.16 |
78 |
|
MedGulf |
21.14 |
147205 |
3.11 |
64 |
|
Tabuk Cement |
11.54 |
248294 |
2.87 |
72 |
|
Bawan |
13.24 |
206107 |
2.73 |
50 |
|
Al Hokair Group |
13.64 |
184576 |
2.52 |
86 |
|
Al Jouf Cement |
8.29 |
300595 |
2.49 |
89 |
|
Al Othaim |
116.20 |
21414 |
2.49 |
2 |
|
Astra |
19.10 |
127344 |
2.43 |
54 |
|
Aseer |
10.04 |
239896 |
2.41 |
61 |
|
SAPTCO |
14.40 |
154120 |
2.22 |
48 |
|
Arabian Pipes |
13.56 |
158885 |
2.15 |
70 |
|
SPM |
31.20 |
56249 |
1.75 |
87 |
|
Dr. Sulaiman Al Habib Group |
75.00 |
15390 |
1.15 |
38 |
|
Ash-Sharqiyah Development |
68.50 |
15482 |
1.06 |
19 |
The following table illustrates the closing auction transactions throughout the phases of market inclusion in the emerging markets indices:
|
Transactions During Inclusion of Tadawul into Emerging Market Indices |
|||
|
Tranches |
Investments (SAR bln) |
Total number of shares (mln) |
Total number of transactions (‘000) |
|
FTSE |
|||
|
First phase* |
1.40 |
38.5 |
5.4 |
|
Second phase |
2.50 |
55.4 |
4.4 |
|
Third phase |
5.21 |
125.2 |
8.6 |
|
Fourth phase |
4.90 |
136.3 |
12.6 |
|
Fifth phase |
2.20 |
88.6 |
10.9 |
|
MSCI |
|||
|
First phase |
21.27 |
509.2 |
18.3 |
|
Second phase |
19.70 |
503.3 |
17.3 |
*Inclusion of foreign funds affiliated to FTSE and S&P Dow Jones Indices
According to the requirements of the global indices' manager, these transactions will be completed during the closing auction and trade-at-last, which allows investors to determine stock prices to reach a fair price.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}