From: Thabet Shehata
RIYADH: The Saudi stock exchange (Tadawul) announced on Sunday that it would update free shares for all companies by the end of the second quarter of 2019 and finish its session on Thursday June 27th.
Tadawul said in a statement that up-to-date free shares were taken into account in calculating the Saudi market index and sector indices since June 30.
Mubasher, based on Tadawul's data, found that the largest 30 shares in the general index, which makes up 82.6 percent of the total index.
As usual, Al Rajhi Bank was the biggest winner in the index after gaining 16.01 percent of the overall market index by the end of the second quarter of 2019.
The National Bank took second place with 7.65 percent, surpassing SABIC, which was the third, dominating 7.62 percent of the index.
SABIC is the second in the first place by the end of the first quarter of 2019.
Saudi Telecom grew 4.91 percent of the index by the end of the second quarter of 2019, followed by Riyad bank for 4.68 percent.
Twenty-eight shares accounted for more than 1 percent of the Saudi market index by the end of the second quarter of 2019, with Istithmar accounting for 1.01 percent.
Infropvik, the first 10 profitable companies in Saudi Arabia market in the first quarter
10 shares acquire 63% liquidity of the Saudi market
Details of Saudi companies' results in the first quarter of 2019
The 10 major shares captured 70% of Tadawul's operations in May
Analysis: 10 Saudi companies acquire 83% of reported profits in the first quarter
In the first quarter, Saudi Bank achieved a profit of 14.1 billion