Al Rajhi Bank largest heavyweight on MT30
- Date: 17-Apr-2023
- Source: Argaam
- Sector:Financial Services
- Country:Saudi Arabia
Al Rajhi Bank largest heavyweight on MT30
The Saudi Exchange (Tadawul) disclosed the top 10 companies on the MSCI Tadawul 30 Index (MT30) by the end of March 2023.
The 10 companies accounted for 71.25% of the index weight, compared to 72.06% by the end of December 2022.
Al Rajhi Bank topped the list of the largest weighted stocks on the index with 14.56%, followed by Saudi National Bank (SNB) with 11.31%.
Saudi Basic Industries Corp. (SABIC) secured the third place with 9.14%, while Saudi Arabian Oil Co. (Saudi Aramco) took the fourth rank with 8.79%.
Compared to December 2022, the MSCI Tadawul 30 Index (MT30) list was unchanged in terms of the companies included but witnessed changes only in weights, as stc advanced to the fifth position and Saudi Arabian Mining Co. (Maaden) retreated to the sixth rank.
The following are the top 10 companies on the MSCI Tadawul 30 Index (MT30) by the end of March 2023:
The MSCI Tadawul 30 Index targets the top 30 securities of the MSCI Saudi Arabia IMI Index based on free-float market capitalization with capping criteria.
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