Al Rajhi Bank, SABIC largest weighted on TASI in Q1

08/04/2018 Argaam Special

 

Al Rajhi Bank maintained its position as the largest weighted stock on Tadawul All Share Index (TASI) in Q1 2018 for 14 consecutive quarters.

 

The blue chip accounted for 13.67 percent of Saudi market cap in Q1, versus 12.56 percent in the previous quarter, data compiled by Argaam showed.

 

Petrochemical giant, Saudi Basic Industries Corp. (SABIC) came in second at 9.21 percent. National Commercial Bank and Jabal Omar Development held third and fourth positions, with 5.83 percent and 3.45 percent, respectively.

 

Dar Al-Arkan moved five positions backward to 16, while Yansab moved forward to the 13th place from 18th place.

 

Companies by Weight on TASI (Q1 2018)

Weight on the index

Closing Price on Apr. 5 (SAR)

Company

Ranking

13.67%

77.75

Al Rajhi Bank

1

9.21%

117.18

SABIC

2

5.83%

65.78

NCB

3

2.45%

48.42

Jabal Omar

4

3.38%

26.94

SAMBA

5

3.35%

83.31

STC

6

2.91%

21.12

Alinma

7

2.73%

54.28

Maaden

8

2.70%

13.84

Riyad Bank

9

2.34%

29.04

BSF

10

2.19%

44.22

Savola

11

1.90%

177.11

Jarir

12

1.85%

73.87

Yansab

13

1.84%

20.76

SEC

14

1.81%

29.98

SABB

15

1.80%

13.42

Dar Al Arkan

16

1.77%

29.46

ANB

17

1.72%

14.20

Saudi Kayan

18

1.5%

69.86

SAFCO

19

1.50%

55.06

Almarai

20

 

Umm Al-Qura Cement increased its free-floated stocks by 50 percent quarter-on-quarter in Q1, followed by Najran Cement with a rise of 24 percent QoQ.

 

Top Gainers on Free Float Shares % (Q1 2018)

Variation

Q1 2018

Q4 2017

Company

+50.00%

50.00%

100%

Umm Al-Qura

+24.31%

75.69%

100%

Najran Cement

+20.00%

30%

50%

AlJazira Takaful

+15.82%

68.17%

83.99%

Al Tayyar

+9.75%

48.10%

57.85%

MEPCO

+7.88%

62.13%

70.00%

Al-Ahli Takaful

+5.25%

94.45%

99.70%

Walaa

+4.44%

87.86%

92.30%

Aljazira

+3.26%

29.11%

32.37%

Saudi German Hospital

+2.70%

44.49%

47.19%

Al Maather REIT

+2.20%

46.17%

48.37%

SACO

+2.15%

70.03%

72.18%

Jadwa REIT Al Haramain

+1.70%

39.87

41.57%

SAFCO

+1.62%

75.19%

76.81%

Budget

+1.00%

30.00%

31.00%

Al Waha

+0.66%

71.30%

71.96%

Solidarity

+0.51%

68.58%

69.09%

GO

+0.28%

61.19%

61.47%

Jabal Omar

+0.11%

29.78%

29.90%

Al Hammadi

 

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