Al Rajhi Bank tops MSCI Tadawul 30 Index heavy weights

02/02/2019 Argaam Special

 

The MSCI Tadawul 30 Index, which was jointly launched by MSCI and the Saudi Stock Exchange Co. (Tadawul), is based on the MSCI Saudi Arabia Investable Market Index (IMI) that represents the performance of large, mid and small-cap stocks of the Saudi Arabia equity market.

 

The Index targets the top 30 securities, listed on the Saudi Main Equity Market, based on free float market capitalization with capping criteria, and is designed to be able to serve as the basis for financial products including derivatives and ETPs.

 

The MSCI Tadawul 30 Index was launched on Dec 05, 2018. Data prior to the launch date is back-tested data. The base date of the index is 26th November 2013.

The index closed on Jan. 31 at 1258 points.

 

MT30

Year

Close (points)

Change

2013*

1022

 2%+ 

2014

975

(5%)

2015

882

(10%)

2016

948

 7%+ 

2017

988

 4%+ 

2018

1141

 15%+ 

31 Jan.

1258

 10%+ 

 
The top ten companies on the MT30 represent 73.01 percent of the index, led by Al Rajhi Bank at 14.41 percent, followed by SABIC at 14.20 percent and NCB at 11.88 percent.

 

TOP 10 CONSTITUENTS (DECEMBER 31, 2018)

Company

Index weight

Al Rajhi Bank

14.41 %

SABIC

14.20 %

NCB

11.88 %

STC

7.60 %

SAMBA

6.37 %

Riyad Bank

4.92 %

Maaden

4.17 %

Alinma Bank

3.49 %

SAFCO

2.99 %

Yansab

2.97 %

Total

73.01 %

 
Sector wise, the financial sector is the heaviest on MT 30 by 47.79 percent, followed by basic materials at 31.59 percent.

 

Sector weights

Sector

Weight

Financials

47.79 %

Materials

31.59 %

Communication

8.89 %

Consumer staples

3.93 %

Public utilities

2.61 %

Consumer Discretionary

1.85 %

Real Estate

0.99 %

Energy

0.86 %

Health care

0.82 %

Industrials

0.67 %

 

According to data compiled by Argaam, in 2015, MSCI launched the MSCI Saudi Arabia Domestic Index to measure the performance of the large and small-cap segments of the Saudi market, currently covering 30 leading constituents and 39 small capital constituents.

 

MSCI Saudi Arabia Index – Leading Companies Index

Al Rajhi Bank

SABIC

NCB

Riyad Bank

SAMBA

STC

Alinma

BSF

Maaden

SABB

Jarir

Kayan

SAFCO

Yansab

SEC

Aljazira

Savola

Almarai

Dar Al Arkan

Advanced

Albilad

Bupa

Tawuniya

Emaar Economic City

Catering

Saudi Cement

SIIG

Mobily

Tasnee

Petro Rabigh

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