Al Rajhi Bank remains TASI heavyweight in Q1 2019

31/03/2019 Argaam Special

 

Al Rajhi Bank was ranked the largest weighted stock on the Tadawul All Share Index (TASI) for the eighteenth consecutive quarter in Q1 2019, data compiled by Argaam showed.

 

The lender’s weighting on the index rose to 16.59 percent in Q1, up from 15.20 percent in the previous quarter.

 

Saudi Basic Industries Corp. (SABIC) came in second at 8.65 percent, followed by National Commercial Bank (NCB) at 6.53 percent.

 

Several companies changed ranks in Q1 compared to the previous quarter, as Samba’s stock moved up one position to the fourth place and Yansab took the 13th place instead of the 16th. Jabal Omar retreated to the 10th place from the eighth, and SEC’s rank dropped to the 20th position from the 17th.

 

The table below shows the top 20 heavy weights on TASI according to the closing price on March 28:

 

Companies Ranked by Weight (NOMU)

Weight

Closing price on March 28, 2019 (SAR)

Company

Rank

16.59%

106.60

Al Rajhi

1

8.65%

123.80

SABIC

2

6.51%

54.90

NCB

3

4.28%

38.40

Samba

4

4.21%

24.08

Riyad

5

3.87%

107.20

STC

6

3.00 %

24.22

Alinma

7

2.64%

36.95

BSF

8

2.45%

54.80

Ma’aden

9

2.43%

32.20

Jabal Omar

10

2.02%

37.70

SABB

11

2.00%

24.80

ANB

12

1.64%

74.80

Yansab

13

1.58%

158.00

Jarir

14

1.53%

14.08

Saudi Kayan

15

1.51%

82.30

SAFCO

16

1.42%

16.70

Aljazira

17

1.37%

31.40

Savola

18

1.33%

55.10

Almarai

19

1.31%

16.50

SEC

20

 

SEDCO CAPITAL REIT led the top gainers on free units in Q1 by 12.04 percent year-on-year (YoY), followed by Ground Services at 11.94 percent YoY.

 

Companies that increased their Free Float Shares %

Change

Q1 2019

Q1 2018

Company

+ 12.04%

53.15%

41.11%

SEDCO Capital REIT

+ 11.94%

47.19%

35.24%

SGS

 + 10.74%

100.00%

89.26%

Riyad REIT

+ 6.50%

71.75%

65.25%

Saudi Enaya

+ 6.42%

64.62%

58.20%

MEPCO

+ 4.00%

70.35%

66.35%

eXtra

+ 2.91%

52.29%

49.38%

Al Mashaar REIT

 + 2.78%

35.83%

33.05%

Steel Pipe

+ 2.60%

39.54%

36.94%

Leejam

+ 2.50%

78.95%

76.45%

Al Khaleej Training

+ 2.37%

87.56%

85.19%

SASCO

+ 2.02%

83.55%

81.54%

SISCO

+ 1.77%

100.00%

98.23%

Al-Babtain

+ 1.42%

57.17%

55.75%

Musharaka REIT

+ 1.36%

100.00%

98.64%

Malath

+1.30%

79.80%

78.50%

Amana

+ 1.29%

82.06%

80.78%

Budget Saudi

+ 1.11%

100.00%

98.89%

Arabian Pipes

+ 0.98%

29.92%

28.94%

L’Azurde

+ 0.85%

60.99%

60.14%

BATIC

+ 0.81%

83.50%

82.68%

SAPTCO

+ 0.78%

100.00%

99.22%

Alujain

+ 0.70%

45.41%

44.71%

Aseer

+ 0.59%

87.44%

86.86%

TADCO

+ 0.51%

38.90%

38.40 %

Emaar

+ 0.49%

29.91%

29.43 %

Knowledge City

+ 0.48%

41.84%

41.36%

Dallah

+ 0.44%

36.24%

35.80%

SRMG

+ 0.39%

52.64%

52.26%

Bahri

+ 0.37%

80.00%

79.63%

Al Hammadi

+ 0.34%

52.86%

52.52%

Astra

+ 0.33%

72.68%

72.35%

Jabal Omar

+ 0.29%

63.79%

63.50%

Catering

+ 0.23%

92.64%

92.40%

Aljazira

+ 0.19%

21.91%

21.72%

Petro Rabigh

+ 0.16%

47.52%

47.36%

SIIG

+ 0.10%

65.00%

64.90%

Saudi Kayan

+ 0.10%

34.25%

34.15%

Maaden

+ 0.07%

50.38%

50.31%

Alhokair

+ 0.05%

4.50%

4.44%

Kingdom Holding

+ 0.05%

17.07%

17.02%

SEC

+ 0.05%

52.47%

52.42%

Albilad

 

Aljazira Takaful was the biggest loser in terms of the available shares for trading in the quarter with a 10 percent YoY drop, followed by AlMa’athar REIT, Derayah REIT and Jadwa REIT.

 

Companies that decreased their Free Float Shares %

Change

Q1 2019

Q1 2018

Company

(10.00%)

55.00%

65.00%

Aljazira Takaful

(1.06%)

56.91%

57.97%

Al Ma’athar REIT

(1.02%)

81.16%

82.18%

Derayah REIT

(0.45%)

73.89%

74.34%

Jadwa REIT Al Haramain

(0.05%)

55.45%

55.49%

Fitaihi

(0.02%)

60.10%

60.12%

Taiba

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