Al Rajhi Bank’s stock tops Tadawul’s blue chips in Q3

Al Rajhi Bank’s stock tops Tadawul’s blue chips in Q3
The list of 30 heavyweight stocks on the Saudi bourse includes 11 banks
samba
1090
0.79% 31.85 0.25
Al Rajhi
1120
-0.34% 86.70 -0.30
NCB
1180
0.21% 48.10 0.10

Sipchem
2310
-0.19% 20.88 -0.04
saib
1030
0.58% 17.26 0.10
ALBILAD
1140
-0.48% 24.80 -0.12

SABIC
2010
0.67% 120.00 0.80
STC
7010
2.00% 86.60 1.70

By: Thabet Shehata 

Riyadh – Mubasher: The banking sector’s stocks on the Saudi Stock Exchange (Tadawul) topped blue-chip peers by the end of the third quarter of 2018, led by Al Rajhi Bank’s stock with 15.13%.

The list of 30 heavyweight stocks on the Saudi bourse includes 11 banks, accounting for 36.7% of the benchmark, according to Tadawul’s data.

The Saudi Basic Industries Corporation’s (SABIC) stock came second among blue-chips with 9.68%, followed by the National Commercial Bank’s (NCB) stock with 5.83%, while the shares of  Samba Financial Group​ and Saudi Telecom Company (STC) ranked fourth and fifth with 3.9% and 3.38%, respectively. 

On a related note, the stocks of Sahara Petrochemical CoSaudi International Petrochemical Company (Sipchem)Bank Albilad, and the Saudi Investment Bank (SAIB) added 0.96% to 0.85% from the benchmark’s weight.

 

Translated by: Mohamed Hesham Azab