FTSE Russell announces periodic changes to Saudi market

24/08/2024 Argaam
Tadawul trading screen

Tadawul trading screen


Global index provider FTSE Russell will implement the changes announced as part of its quarterly index review on Sept. 23. 


Bupa Arabia was upgraded from the Mid Cap Index to the Large Cap Index. 


Al-Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) and Saudi Ground Services Co. (SGS) were upgraded from the Small Cap to the Mid Cap.

Jamjoom Pharma was added to the Mid Cap and FTSE Global Equity Index.

Meanwhile, Jamjoom Pharma was downgraded from the Mid Cap to the Small Cap.


FTSE Russell Changes in Details

Company

Decision

Large Cap Index

Bupa Arabia

Upgraded from the Mid Cap Index to the Large Cap Index.

Mid Cap Index

Al Rajhi Takaful

Upgraded from the Small Cap to the Mid Cap and FTSE Global Equity Index

SGS

Upgraded from the Small Cap to the Mid Cap and FTSE Global Equity Index

Jamjoom Pharma

Added to the Mid Cap and FTSE Global Equity Index

Small Cap Index

Southern Cement

Downgraded from the Mid Cap to the Small Cap and Excluded from FTSE Global Equity Index

MIS

Upgraded from the Microcap to the Small Cap Index.

Al Rajhi REIT

Upgraded from the Microcap to the Small Cap Index.

Alkhorayef

Upgraded from the Microcap to the Small Cap Index.

Almunajem

Upgraded from the Microcap to the Small Cap Index.

East Pipes

Upgraded from the Microcap to the Small Cap Index.

Electrical Industries

Upgraded from the Microcap to the Small Cap Index.

Atheeb Telecom

Upgraded from the Microcap to the Small Cap Index.

MEPCO

Upgraded from the Microcap to the Small Cap Index.

NCLE

Upgraded from the Microcap to the Small Cap Index.

2P

Upgraded from the Microcap to the Small Cap Index.

Retal

Upgraded from the Microcap to the Small Cap Index.

SASCO

Upgraded from the Microcap to the Small Cap Index.

Mircocap Index

Cenomi Retail

Downgraded from the Small Cap to the Microcap Index

Chemanol

Downgraded from the Small Cap to the Microcap Index

Companies Excluded from Microcap Index on Weak Market Value

Al-Jouf Agricultural

Excluded from the Mircocap Index

Alkhaleej Training

Excluded from the Mircocap Index

Al Yamamah Steel

Excluded from the Mircocap Index

Alamar

Excluded from the Mircocap Index

Alandalus

Excluded from the Mircocap Index

Al-Babtain

Excluded from the Mircocap Index

AlSaif Gallery

Excluded from the Mircocap Index

Alujain

Excluded from the Mircocap Index

Arabian Pipes

Excluded from the Mircocap Index

Ataa Educational

Excluded from the Mircocap Index

Batic

Excluded from the Mircocap Index

First Mills

Excluded from the Mircocap Index

Jadwa REIT Saudi

Excluded from the Mircocap Index

Lumi

Excluded from the Mircocap Index

Mahara

Excluded from the Mircocap Index

MEDGULF

Excluded from the Mircocap Index

SAIC

Excluded from the Mircocap Index

Saudi Paper

Excluded from the Mircocap Index

Saudi Re

Excluded from the Mircocap Index

Saudi Steel Pipe

Excluded from the Mircocap Index

Sumou Real Estate

Excluded from the Mircocap Index

SISCO

Excluded from the Mircocap Index

Tanmiah Food

Excluded from the Mircocap Index

Theeb Rent a Car

Excluded from the Mircocap Index

Thob Al Aseel

Excluded from the Mircocap Index

Walaa Insurance

Excluded from the Mircocap Index

 

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