Non-founding foreign investments rise to 5.99% last week

30/09/2019 Argaam Special

 

Non-founding foreign investors – namely swap holders, residents and qualified foreign investors (QFIs) – increased their ownership in the Saudi Stock Exchange (Tadawul) to 5.99 percent in the week ending Sept. 26, from 5.87 percent in the previous week, on net purchases worth SAR 904 million, market data showed.

 

Ownership of non-founding foreign investors, who do not include strategic partners, hit an all-time high last week.

 

GCC investors' ownership in the Saudi market decreased for the week to 1.84 percent, compared to 1.86 percent in the previous week.

 

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

 

Foreign investors’ ownership, including strategic partners, hit an all-time high of 8.54 percent, up 0.1 percent from the previous week.

 

Founding foreign investors accounted for 2.55 percent of the total foreign ownership in the Saudi market for the week ending Sept. 26.

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