Foreign ownership on Saudi Tadawul down $116.10mln in week

Riyadh –  The value of shares owned by Saudi investors on the Saudi Stock Exchange (Tadawul) plummeted by SAR 435.377 million over the week ended on 1 October 2020.

Foreign ownership on the main market amounted to SAR 196.48 billion last week, down from SAR 196.920 billion in the previous week, according to official data from the Saudi bourse.

Moreover, foreign ownership from issued and free shares declined to 2.16% and 12.53%, respectively, in the past week, as the value of shares owned by resident investors tumbled by SAR 1.45 billion to reach SAR 7.822 billion, representing 0.09% of issued shares.

On the contrary, ownership of qualified investors soared by SAR 436.604 million to SAR 145.159 billion, representing 1.59% of issued shares.

In the meantime, the value of shares owned by Saudi nationals shrank by SAR 169.389 billion to reach SAR 8.86 trillion, representing 97.38% of issued shares and 85.33% of free shares.

The value of shares owned by GCC nationals totalled SAR 42.29 billion, an increase of SAR 421.388 million. Their ownership of issued shares rose to 0.46% whereas that of free shares fell to 2.14%.