Foreign ownership on Saudi Tadawul up $1.01bln in week

GCC ownership on Tadawul hit $11.58bln last week

  
An investor walks at the Saudi Stock Exchange (Tadawul) in Riyadh, Saudi Arabia January 18, 2016. Image used for illustrator purpose

An investor walks at the Saudi Stock Exchange (Tadawul) in Riyadh, Saudi Arabia January 18, 2016. Image used for illustrator purpose

REUTERS/Faisal Al Nasser

Riyadh –   The value of shares owned by foreign and Gulf investors on the Saudi Stock Exchange (Tadawul) increased by SAR 3.8 billion and SAR 486.9 million, respectively, during the week ended on 15 October 2020.

Foreign ownership hiked to SAR 203.9 billion last week, up from SAR 200.12 billion a week earlier, representing 2.22% and 12.61%, respectively, of issued and free shares, according to official data.

The rise in foreign ownership was helped by growth of SAR 3.3 billion in qualified investors’ ownership, which reached SAR 151.6 billion, representing 1.65% of issued shares and 11.84% of free shares.

As for GCC investors, ownership hit SAR 43.43 billion by the end of last week to represent 0.47% of issued shares and 2.32% of free shares.

On the contrary, Saudi ownership on the Saudi bourse dipped by SAR 1.8 billion in the previous week to SAR 8.9 trillion, representing 97.3% of issued shares and 85.1% of free shares.

Meanwhile, ownership of strategic investors levelled up by 0.44% to SAR 40.8 billion.

The Saudi bourse extended its gains in the past week for the third consecutive week. The market capital jumped by SAR 9.33 billion, bringing the market cap value of listed shares to SAR 9.2 trillion.

Source: Mubasher

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