By Mohammed Abu Meleeh

Riyadh-Mubasher: Al Rajhi Bank has maintained its leading position among Saudi heavyweight stocks for the fourth straight quarter in Q3-15, as its weight stood at 8.68%.

The giant petrochemical producer SABIC came second with 6.87%, followed by the National Commercial Bank (NCB) and Jabal Omar with 5.26% and 4.9%, respectively, according to data compiled by Mubasher.   

Tadawul All-Share Index (TASI) dropped as much 18.5% in Q3-15, the second biggest quarterly decline since 2008 when it tumbled by 35.6%. The benchmark fell by 23.23% in Q4-14.

All stocks moved lower in the third quarter, except for Bupa Arabia which rose 5.29%. Tihama was the biggest faller with a loss of 64.07%.  

At the sector level, the banking topped heavyweights with 33% compared with 28% a year earlier. The petrochemical industry ranked second with 17%, followed by the real estate development with 9%. The remaining 10 sectors’ weight reached 26% compared with 28% in the same quarter of 2014.  

Translated by Abdul Maguid Aboshahla