Tadawul market cap drops 3% in week ending July 6

Saudi Arabia’s stock market capitalization dropped by 3.2 percent to SAR 1.71 trillion in the week that ended July 6, compared to the previous week, according to weekly data released by the Saudi Stock Exchange (Tadawul).

The total value of shares traded fell 40.9 percent to SAR 15.43 billion last week.

Saudi investors bought SAR 14.67 billion worth of shares, representing 95.1 percent of the total buying activities; they sold SAR 14.02 billion in shares, accounting for 90.88 percent of the selling activities.

Saudi nationals’ ownership of shares rose 0.15 percent, amounting to 93.5 percent of total market capitalization last week.

GCC investors bought SAR 188 million in shares, representing 1.22 percent of the total buying volume. They sold SAR 739 million in shares, or 4.79 percent of total selling activities.

Ownership of GCC investors edged down 0.02 percent to 2.21 percent of the market capitalization last week.

Meanwhile, foreign investors bought SAR 570 million in shares, or 3.69 percent of buying activities last week. They sold SAR 669 million in shares, or 4.33 percent of the total selling activities.

Foreign ownership of Saudi stocks decreased by 0.13 percent to 4.30 percent of the total market capitalization by the end of trading day on July 6.