Al Rajhi Bank largest heavyweight on MT30 with 14.85%; SNB, Aramco follow

01/01/2023 ِArgaam special

Tadawul trading screen


The Saudi Exchange (Tadawul) revealed the top 10 companies on the MSCI Tadawul 30 Index (MT30) by the end of September 2022.

 

The 10 companies accounted for 74.54% of the index weight, compared to 74.20% by the end of June 2022.

 

Al Rajhi Bank was the heaviest weight on the index with 14.85%. Saudi National Bank (SNB) moved down one notch to the second place with a 14.41% weight.

 

Saudi Aramco came third with 9.03%, while major petrochemicals producer, SABIC took the fourth spot with 8.32%.

 

Compared to June, Saudi Electricity Co. (SEC), Banque Saudi Fransi (BSF) exited the list of the top 10 companies, while Alinma Bank and SABIC Agri-Nutrients joined.

 

Saudi Arabian Mining Co. (Maaden) moved up to the fifth place. Following is the list of the top 10 companies on the MSCI Tadawul 30 Index (MT30):

 

Heavyweights on MT30 Index  

Company 

Weight 

Al Rajhi Bank 

14.85%

SNB 

14.41%

Saudi Aramco 

9.03%

SABIC 

8.32%

Maaden

6.24%

stc

6.14%

Riyad Bank 

4.46%

SABB 

3.77%

Alinma Bank 

3.70%

SABIC Agri-Nutrients  

3.52%

Total 

74.54%

  

On sector level, the financial sector was the heaviest on MT30 with a 45.25% weight, followed by materials (25.61%).

  

Sectors Weights in MT30 Index

Sector

Weight

Financial

50.12%

Materials

23.86%

Telecommunication Services

8.78%

Energy

9.03%

Consumer Staples

2.16%

Healthcare 

2.90%

Services

2.13%

Consumer Discretionary

1.02%

 

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