Al-Rajhi Bank, Saudi Arabia’s biggest listed bank by market capitalization, remained the largest weight component for the sixth consecutive quarter on the Saudi Stock Exchange index, Tadawul, reaching 9.2 percent on the index in the 1st quarter of this year, compared with 9.9 percent in the 4th quarter of last year, according to a report released by Tadawul today.
The Companies’ weights on the index are based on their free float market capitalizations.
Saudi Basic Industries Corp. (SABIC), the petrochemical giant, came second at 8.85 percent in the 1st quarter of 2014, compared with 9.3 percent in the 4th quarter of 2013.
The largest 20 companies weight on TASI ( March 27 2014 closing) |
||
TASI weight |
Closing price (SAR) |
Company |
9.16% |
74.50 |
Al Rajhi |
8.85% |
117.00 |
SABIC |
4.90% |
92.75 |
MOBILY |
3.20% |
67.25 |
SAVOLA |
3.08% |
43.00 |
SAMBA |
2.97% |
35.10 |
Riyad Bank |
2.62% |
41.50 |
Jabal Omar |
2.61% |
67.50 |
STC |
2.29% |
39.70 |
BanqueSaudiFransi |
2.29% |
18.60 |
Alinma |
2.29% |
33.00 |
Tasnee |
2.26% |
161.00 |
SAFCO |
2.08% |
195.00 |
JARIR |
1.79% |
46.40 |
SAAB |
1.78% |
16.55 |
SaudiKayan |
1.74% |
71.00 |
YANSAB |
1.71% |
29.60 |
ANB |
1.65% |
106.75 |
SaudiCementCo. |
1.59% |
34.10 |
SaudiIndustrialInvestment Group |
1.55% |
63.00 |
Al Marai |
Free float shares of Amana Cooperative Insurance Co. rose to 78.4 percent in the 1st quarter of this year from 40 percent in the last quarter of 2013.
Najran Cement Co’s free-floating stock increased 6.3 percent to 63.7 percent of the company’s shares.
Companies that recorded increase in free-floating shares by the end of Q1 2014 |
|||
Change |
Q1 2014 |
Q4 2013 |
Company |
+ 38.38% |
78.38% |
40.00% |
AmanaCooperative InsuranceCo. |
+ 21.96% |
61.96% |
40.00% |
SolidaritySaudi TakafulCo. |
+10.00% |
50.00% |
40.00% |
GulfGeneral Cooperative InsuranceCo. |
+6.54% |
59.36% |
52.83% |
NationalGypsum Company |
+ 6.33% |
63.68% |
57.35% |
NajranCement Company |
+6.00% |
70.00% |
64.00% |
SalamaCooperative InsuranceCo. |
+3.60% |
88.90% |
85.30% |
SaudiUnitedCooperative InsuranceCo. |
+3.53 % |
63.99% |
60.45% |
SaudiResearchand MarketingGroup |
+3.50% |
46.50% |
43.00% |
BURUJCooperative InsuranceCo. |
+ 2.47% |
68.34% |
65.87% |
GulfUnionCooperative InsuranceCo. |
+2.43% |
77.92% |
75.49% |
AlkhaleejTrainingand EducationCo. |
+2.40% |
82.00% |
79.60% |
AlAhliaInsuranceCompany |
+ 0.89% |
69.01% |
68.12% |
Al-RajhiCompanyfor CooperativeInsurance |
+1.50% |
31.50% |
30.00% |
WataniyainsuranceCo. |
+ 1.04% |
57.19% |
56.15% |
JabalOmar |
+0.89% |
69.01% |
68.12% |
AlRajhi |
+0.66% |
58.60% |
57.94% |
Saudivitrifiedclaypipes co. |
+ 61.0% |
69.60% |
68.99% |
TaibaHoldingCo. |
+ 0.53% |
86.81% |
85.81% |
AlujainCorporation |
+0.17% |
17.63% |
17.46% |
PetroRabigh |
+0.02% |
70.33% |
70.31% |
BankAlbilad |
Companies that recorded decrease in free-floating shares by the end of Q1 2014 |
|||
Change |
Q1 2014 |
Q4 2013 |
Company |
(13.46%) |
76.00% |
89.46% |
SaudiAutomotiveServicesCo. (SASCO) |
(10.01%) |
89.99% |
100.00% |
Wafrahforindustryand development |
(1.15%) |
30.96% |
32.10% |
HerfyFood ServicesCo. |
(0.98%) |
74.13% |
75.12% |
SaudiAdvanced IndustriesCo. |
(0.80%) |
82.97% |
83.77% |
TabukCement Co. |
(0.06%) |
95.13% |
95.19% |
AlJoufAgriculture DevelopmentCo. |
(0.01%) |
35.42% |
35.44% |
SaudiArabiaFertilizersCo.(SAFCO) |
The free-floating index is calculated after excluding the stakes of the state, strategic partners, founders, foreign funds and investors whose single portfolio is exposed to 10 percent or more of the company.
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