Foreign investments in Tadawul reach all-time high last week

Foreign investors – including strategic partners – boosted their ownership in the Saudi Stock Exchange (Tadawul) by 0.44 percent to an all-time high of 7.45 percent in the week ending June 27, 2019, new market data showed.

Holdings of non-founding foreign investors – namely swap holders, residents, Qualified foreign investors (QFIs) – increased to 4.65 percent from 3.94 percent in the week ending June 20.

The non-founding foreign investors' ownership also hit a lifetime high on the beginning of the third phase of Saudi Arabia's inclusion in FTSE Russell Emerging Market Index.

Founding foreign investors accounted for 2.8 percent of total foreign ownership in the same week.

On the other hand, GCC investors’ ownership decreased marginally to 1.94 percent of total market capitalization in the week ending on June 27, from 1.97 percent a week earlier.

GCC investors' ownership saw a gradual decrease in 2017 to 2.40 percent in April, ahead of dropping to 2.06 percent in average last year.