Foreign ownership on Saudi Tadawul surges to $47.54bln in a week

Foreigners registered net purchases of $60mln last week

  
An investor monitors a screen displaying stock information on L'azurde Company for Jewellery after it was listed at the Saudi Stock Exchange (Tadawul) in Riyadh, Saudi Arabia June 29, 2016.

An investor monitors a screen displaying stock information on L'azurde Company for Jewellery after it was listed at the Saudi Stock Exchange (Tadawul) in Riyadh, Saudi Arabia June 29, 2016.

REUTERS/Faisal Al Nasser

Riyadh –  The Saudi and GCC investors increased their sales in the Saudi bourse during the past week ended on 6 August, whereas foreign investors leaned towards buying activity.

Foreigners registered net purchases of SAR 224.94 million last week, compared with net sales of SAR 50.84 million and SAR 174.1 million, respectively, by Saudi and GCC nationals, according to official data by the Saudi Stock Exchange (Tadawul).

Tadawul had just two sessions last week due to Eid al-Adha holiday and the trading was resumed on Wednesday, 5 August.

Foreigners recorded total purchases of SAR 1.34 billion in the past week, backing qualified investors with net purchases worth SAR 241.04 million, compared to net sales of SAR 13.8 million by resident investors. Total sales during the week reached SAR 1.11 billion.

Saudi investors saw total selling deals worth SAR 9.57 billion last week, while GCC nationals witnessed sales worth SAR 218.51 million and purchases of SAR 44.4 million.

The value of shares owned by foreign investors increased by SAR 309.85 million to SAR 178.27 billion, representing 2.13% of issued shares and 12.42% of free shares, while that owned by qualified foreign investors gained SAR 286.81 million, representing 1.54% of issued shares and 11.52% of free shares.

Likewise, the value of shares owned by GCC nationals added SAR 290.96 million to SAR 39.26 billion, representing 0.47% of issued shares and 2.25% of free shares, whereas the value of Saudis' shares declined SAR 4.04 billion to SAR 8.159 trillion, representing 97.40% of issued shares and 85.34% of free shares.

Moreover, the market cap value of shares listed on Tadawul reached SAR 8.377 trillion last week from SAR 8.380 trillion a week ago.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities