Riyadh –  The value of foreign ownership on the Saudi Stock Exchange (Tadawul) surged by SAR 1.04 billion on a weekly basis during the week that ended 16 July to reach SAR 177.03 billion.

Foreign ownership of issued shares increased to 2.10% last week from 2.09% a week earlier, whereas ownership of free shares dipped to 12.45% from 12.47%, according to official data.

The rise was driven by higher share ownership value of strategic investors by SAR 884.06 million at SAR 36.79 billion, representing 0.44% of issued shares.

Meanwhile, ownership of resident investors and others grew by SAR 146.23 million to reach SAR 8.99 billion to represent 0.11 of issued shares, whereas ownership of qualified investors shrank by SAR 73.24 million to SAR 127.32 billion, equivalent to 1.51% of issued shares.

Likewise, the value of shares owned by Saudis grew by SAR 16.89 billion to SAR 8.23 trillion, representing 97.44% of issued shares. Saudi ownership of free shares inched down to 85.30% from 85.32%.

Furthermore, the value of shares owned by GCC nationals hiked by SAR 162.22 million to stand at SAR 38.93 billion by the end of the week. Their ownership of issued shares remained unchanged at 0.46% while that of free shares rose to 2.24%.

Moreover, the market cap value of listed shares on Tadawul soared by SAR 18.1 billion to SAR 8.45 trillion.

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.