Foreign investors -- including strategic partners – boosted their ownership in the Saudi Stock Exchange (Tadawul) by 0.14 percent to an all-time high of 7.01 percent for the week ending June 20, market data show.
Founding foreign investors accounted for 3.07 percent of the total foreign ownership in the Saudi market for the week ending June 20.
Non-founding foreign ownership also hit a record high, coinciding with the third tranche of Tadawul’s inclusion in the FTSE Russel index.
Non-founding foreign investors – namely swap holders, residents and qualified foreign investors (QFIs) – increased their ownership in Tadawul to 3.94 percent last week, from 3.7 percent in the previous week, on net purchases worth SAR 6.838 billion.
Non-founding foreign investors don’t include strategic partners.
GCC investors' ownership in the Saudi market rose for the week to 1.97 percent, compared to 1.96 percent in the previous week.
According to data compiled by Argaam, 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.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}