Tadawul begins fifth phase of FTSE inclusion today
The fifth phase of Saudi Arabia's inclusion in FTSE Russell Emerging Market Index starts today, March 23, 2020, based on closing prices of March 19, 2020.
The fifth phase has been divided into 2 tranches; the first will be with an inclusion factor of 25%, while the second will be effective in June 2020 with an inclusion factor of 75%.
The first tranche of inclusion began on March 18, 2019, while the second tranche was on May 1, 2019. The third tranche inclusion took place on June 24, 2019, followed by the fourth tranche on Sept. 23, 2019.
Saudi Arabia is estimated to have an index weight of 0.25% in the FTSE Global Equity Index Series, and 2.7% in the FTSE Emerging All Cap Index.
In August, Tadawul completed the second and final phase of joining the MSCI Emerging Markets Index, raising its weight on the closely-monitored index to 2.8%.
Additionally, the first tranche of Saudi Arabia’s inclusion in the S&P DJI Emerging Markets index began in March, with the second phase completed in September 2019.
Stages of Including Tadawul into FTSE Emerging Market Index |
|||||||
Tranches |
1st tranche |
2nd tranche |
3rd tranche |
4th tranche |
5th tranche |
||
Review date |
March 18, 2019 |
May 1, 2019 |
June24, 2019 |
Sept. 23, 2019 |
March 23, 2020 |
June 2020 |
|
Tranche size |
10 % |
15 % |
25 % |
25 % |
25 % |
75% |
|
Total |
10 % |
25 % |
50 % |
75 % |
81.25% |
100% |
|
Non-active investments* |
1.8 |
2.7 |
4.5 |
4.5 |
1.12 |
3.38 |
*SAR bln
On March 19, 2020, Tadawul witnessed active closing coinciding with the entry of foreign funds affiliated with the FTSE Index. A total of 88.6 million shares were traded at a total value of SAR 2.2 billion in 10,900 transactions.
Auction Time Large Deals |
||||
Company |
Deal price (SAR) |
Deal size (share) |
Deal value (SAR mln) |
Number of deals |
Banque Saudi Fransi |
25.70 |
13767612 |
353.83 |
162 |
Al Rajhi |
52.70 |
4121194 |
217.19 |
511 |
ANB |
17.36 |
11567167 |
200.81 |
99 |
SABIC |
66.60 |
2716479 |
180.92 |
285 |
STC |
83.50 |
1654663 |
138.17 |
131 |
NCB |
33.45 |
3548008 |
118.68 |
124 |
Saudi Aramco |
29.35 |
3095766 |
90.86 |
212 |
Riyad |
14.70 |
4367186 |
64.20 |
177 |
Samba |
20.00 |
3083320 |
61.67 |
149 |
Alinma |
19.02 |
2889592 |
54.96 |
280 |
Maaden |
31.15 |
1426668 |
44.44 |
106 |
SAFCO |
61.00 |
597318 |
36.44 |
162 |
Yansab |
41.50 |
829308 |
34.42 |
155 |
SEC |
15.10 |
2245675 |
33.91 |
103 |
Mobily |
20.22 |
1510101 |
30.53 |
232 |
Dar Al Arkan |
8.28 |
3605230 |
29.85 |
91 |
Saudi Kayan |
7.10 |
3806547 |
27.03 |
365 |
Almarai |
43.10 |
600664 |
25.89 |
79 |
Savola |
30.50 |
834675 |
25.46 |
121 |
Arabian Centres |
21.38 |
1089717 |
23.30 |
49 |
Jarir |
124.80 |
150077 |
18.73 |
84 |
Albilad |
19.40 |
877884 |
17.03 |
118 |
Aljazira |
10.70 |
1553563 |
16.62 |
114 |
SABB |
20.02 |
658611 |
13.19 |
82 |
Sipchem |
11.40 |
1118946 |
12.76 |
155 |
Seera |
13.98 |
903318 |
12.63 |
95 |
Bupa Arabia |
86.20 |
139713 |
12.04 |
125 |
Advanced |
41.55 |
287550 |
11.95 |
89 |
Tawuniya |
60.00 |
184080 |
11.04 |
58 |
Southern Cement |
54.40 |
175558 |
9.55 |
73 |
Saudi Cement |
44.20 |
201141 |
8.89 |
80 |
Tasnee |
8.70 |
979208 |
8.52 |
64 |
SIIG |
14.60 |
563957 |
8.23 |
107 |
Emaar |
6.86 |
1165769 |
8.00 |
95 |
Saudi Catering |
73.00 |
105272 |
7.68 |
66 |
Al Othaim |
84.40 |
81595 |
6.89 |
51 |
City Cement |
12.00 |
464387 |
6.68 |
110 |
Petro Rabigh |
10.36 |
592303 |
6.14 |
78 |
Mouwasat |
74.70 |
77778 |
5.81 |
74 |
SPIMACO |
23.82 |
234968 |
5.60 |
41 |
Aldrees |
54.10 |
102242 |
5.53 |
80 |
Zain |
9.00 |
568723 |
5.12 |
122 |
ARDCO |
13.00 |
381332 |
4.96 |
77 |
Qassim Cement |
49.00 |
95766 |
4.69 |
60 |
eXtra |
58.40 |
79451 |
4.64 |
86 |
Dallah |
45.15 |
97521 |
4.40 |
54 |
Petrochem |
18.00 |
216251 |
3.89 |
42 |
SGS |
23.14 |
166445 |
3.85 |
33 |
Farm Superstore |
14.28 |
258001 |
3.69 |
61 |
Yanbu Cement |
25.20 |
143316 |
3.61 |
71 |
SADAFCO |
130.00 |
25606 |
3.33 |
32 |
Sulaiman Al Habib Group |
54.90 |
59929 |
3.29 |
71 |
Red Sea |
9.71 |
337900 |
3.28 |
56 |
Maharah |
59.70 |
51685 |
3.09 |
35 |
SRMG |
54.70 |
54602 |
2.99 |
60 |
Leejam |
55.50 |
50292 |
2.79 |
60 |
Alhokair |
16.62 |
146341 |
2.43 |
50 |
Amiantit |
9.54 |
240756 |
2.30 |
92 |
Arabian Cement |
24.00 |
87984 |
2.11 |
46 |
SAPTCO |
11.78 |
178117 |
2.10 |
29 |
Al Abdullatif |
8.77 |
225291 |
1.98 |
78 |
GASCO |
30.10 |
63887 |
1.92 |
53 |
Al Hammadi |
18.94 |
94245 |
1.79 |
31 |
Al Akaria |
12.00 |
145326 |
1.74 |
38 |
Care |
36.00 |
48001 |
1.73 |
33 |
Budget Saudi |
27.40 |
61481 |
1.68 |
52 |
Eastern Cement |
25.00 |
60005 |
1.50 |
22 |
Hail Cement |
9.11 |
158286 |
1.44 |
30 |
Dur |
25.00 |
57647 |
1.44 |
36 |
NADEC |
21.26 |
59849 |
1.27 |
50 |
Astra |
15.06 |
82633 |
1.24 |
35 |
Herfy |
43.45 |
25284 |
1.10 |
35 |
Saudi Chemical |
20.80 |
51670 |
1.07 |
36 |
Saudi Ceramics |
23.02 |
46253 |
1.06 |
23 |
Saudi German Hospital |
27.00 |
37479 |
1.01 |
30 |
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