Non-founding foreign investments rise to 6.37% last week

Non-founding foreign investors – namely swap holders, resident investors and qualified foreign investors (QFIs) – increased their ownership in the Saudi Stock Exchange (Tadawul) to 6.37% in the week ending Nov. 14, from 6.32% in the previous week, on net sells worth SAR 429.6 million, market data showed.

Ownership of non-founding foreign investors, excluding strategic partners, hit an all-time high last week.

GCC investors' ownership in the Saudi market decreased for the week to 1.81%, compared to 1.83% in the previous week.

According to data compiled by Argaam, GCC investors' ownership saw a gradual decrease in April 2017 to 2.40%, ahead of dropping to 2.06% in average last year.

Foreign investors’ ownership, including strategic partners, edged up 0.14% to a lifetime high of 9.18%.

Founding foreign investors accounted for 2.81% of the total foreign ownership in the Saudi market for the week ending Nov. 14.