Tadawul begins second phase of FTSE inclusion

01/05/2019 Argaam Special

 

The second phase of Saudi Arabia's inclusion in FTSE Russell Emerging Market Index will start today, May 1 based on closing prices of April 30, 2019 with an inclusion factor of 15 percent.

 

The Saudi Stock Exchange (Tadawul) expects SAR 2.7 bln passive inflows upon implementation of the second phase of inclusion.

 

Stages of  Including FTSE to the Saudi Market

Tranches

1st tranche

2nd tranche

3rd tranche

4th tranche

5th tranche

2018

Review date

March 18, 2019

May 1, 2019

June24, 2019

Sept. 23, 2019

March 23, 2020

Tranche size

10 %

15 %

25 %

25 %

25 %

Total

10 %

25 %

50 %

75 %

100 %

Non-active investments*

1.8

2.7

4.5

4.5

4.5

*SAR bln

 

The first phase of the equity market's inclusion in FTSE, S&P indices began on March 18, Argaam reported.

 

The closing auction session was extended to 20 minutes with a trading volume of 55.4 million shares, traded in 4,363 transactions, at a total value of SAR 2.5 billion.

 

FTSE Russel said Tadawul’s inclusion in the emerging markets index will take place in five tranches over the course of 12 months.

 

Saudi Arabia is estimated to have an index weight of 0.25 percent in the FTSE Global Equity Index Series, and 2.7 percent in the FTSE Emerging All Cap Index.

 

Stocks with Large Deals on March 14, 2019

Company

Price before auction (SAR)

Deal price (SAR)

Deal size** (share)

Deal value**

(SAR mln)

Number of executed deals

Al Rajhi

75.00

75.00

5,361,136

402.09

148

Riyad

29.85

29.85

4,655,316

138.96

67

Samba

37.85

37.90

3,708,058

140.54

75

NCB

62.20

61.60

3,440,310

211.92

81

SABIC

124.20

124.20

3,091,087

383.91

84

SEC

16.98

16.96

2,992,859

50.76

75

Alinma

27.10

27.10

2,865,060

77.64

72

Dar Al Arkan

11.02

11.02

2,708,854

29.85

75

Almarai

60.40

60.10

1,836,792

110.39

65

Saudi Kayan

13.20

13.16

1,809,110

23.81

53

STC

114.60

114.60

1,708,057

195.74

84

Maaden

55.90

56.00

1,635,785

91.60

53

Mobily

23.62

23.72

1,361,681

32.30

103

Emaar

9.43

9.20

1,317,959

12.13

150

Albilad

26.20

26.20

1,165,650

30.54

52

Zain

11.14

11.18

1,060,394

11.86

57

Tasnee

18.06

17.78

901,924

16.04

192

Savola

33.90

34.00

867,138

29.48

56

Yansab

72.80

72.80

827,654

60.25

60

Aljazira

16.24

16.12

813,992

13.12

106

SIIG

27.00

26.90

762,058

20.50

45

SAFCO

82.00

82.00

589,511

48.34

71

Sahara

17.22

17.18

547,162

9.40

36

Sera

19.42

19.38

532,139

10.31

58

Petro Rabigh

19.48

19.24

498,300

9.59

87

Sipchem

21.70

21.64

468,293

10.13

34

Advanced

61.50

61.50

431,591

26.54

42

Saudi Cement

66.20

65.90

360,719

23.77

35

Amiantit

6.05

6.14

326,846

2.01

96

Tawuniya

69.30

69.00

306,019

21.12

53

SAPTCO

14.00

14.16

297,081

4.21

44

Al Akaria

12.62

12.68

290,703

3.69

36

Bupa Arabia

93.80

93.00

252,449

23.48

61

Alhokair

26.35

26.90

247,210

6.65

54

Chemanol

9.51

9.55

219,993

2.10

45

Petrochem

27.85

27.80

213,324

5.93

13

Aseer

9.09

9.18

195,207

1.79

36

ARDCO

21.66

21.76

182,013

3.96

19

Jarir

177.20

177.00

178,079

31.52

41

Northern Cement

9.21

9.16

168,744

1.55

28

Alawwal

18.78

18.70

167,504

3.13

12

Yamama Cement

17.68

17.40

166,170

2.89

78

Najran Cement

8.57

8.55

163,478

1.40

19

Saudi Ceramic

19.40

19.60

162,522

3.19

55

ANB

28.15

28.35

154,913

4.39

51

Al Othaim

78.00

79.00

153,150

12.10

68

Yanbu Cement

30.35

29.85

150,502

4.49

30

City Cement

12.12

11.96

146,873

1.76

66

Mouwasat

85.00

85.00

132,704

11.28

36

Dur

19.66

19.58

124,043

2.43

19

SGS

29.70

29.60

120,370

3.56

20

Southern Cement

45.80

45.45

118,710

5.40

45

SABB

40.90

40.90

116,177

4.75

25

Catering

84.80

84.30

107,397

9.05

51

Al Hammadi

24.56

24.48

105,804

2.59

18

Qassim Cement

42.45

42.20

103,724

4.38

31

Saudi German

32.25

31.90

100,402

3.20

28

SPIMACO

27.80

27.20

97,788

2.66

65

Budget Saudi

33.35

33.35

97,135

3.24

23

Red Sea

15.02

15.40

92,252

1.42

32

Eastern Cement

26.40

26.40

91,282

2.41

18

NADEC

27.45

27.30

85,789

2.34

19

SRMG

73.50

73.50

74,373

5.47

23

Arabian Cement

27.55

26.95

69,018

1.86

31

GASCO

31.30

31.25

65,899

2.06

25

Saudi Chemical

33.50

33.45

60,717

2.03

11

Aldrees

34.90

34.35

59,889

2.06

19

Dallah

48.30

47.45

58,742

2.79

96

eXtra

69.00

69.20

57,083

3.95

23

SADAFCO

117.00

117.00

51,758

6.06

25

BSF

39.60

39.85

48,986

1.95

22

Herfy

59.20

59.00

47,420

2.80

22

Care

53.20

53.00

41,967

2.22

12

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