Non-institutional foreign ownership ex-Aramco hits 9.7% last week

According to Argaam data, the week ending Dec. 19 saw FTSE Russell implementing changes in the Saudi market. These changes, which took effect on Dec. 23, included increasing Aramco's weight from 1.85% to 2.38%.

The ownership of non-institutional foreign investors is represented by swap holders, residents, and qualified foreign investors (QFIs).

GCC investors' ownership in Saudi equities, excluding Saudi Aramco, inched down from 2.23% to 2.21% of total market cap, amounting to SAR 74.2 billion by the end of the week.

Foreign investors’ ownership in Saudi equities, including strategic partners and excluding Saudi Aramco, rose from 10.98% to 11.15%, or SAR 375.4 billion, for the week.

Meanwhile, institutional foreign investors, excluding Saudi Aramco, accounted for 1.45%, or SAR 48.9 billion, of the total foreign ownership in the Saudi market for the same week, according to Argaam’s data.