Foreign investors – including strategic partners – raised their ownership in the Saudi Stock Exchange (Tadawul) by 0.02 percent, hitting a fresh all-time high of 7.54 percent in the week ending July 11, 2019, new market data showed.
Holdings of non-founding foreign investors – namely swap holders, residents, qualified foreign investors (QFIs) – also reached a new lifetime high, rising to 4.8 percent from 4.74 percent in the week ending July 4.
Non-founding foreign investors were net buyers of SAR 1.85 billion worth of stocks on Tadawul last week.
Founding foreign investors accounted for 2.74 percent of total foreign ownership in the same week.
On the other hand, GCC investors’ ownership remained unchanged, accounting for 1.96 percent of total market capitalization in the week ending July 11.
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.
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