Foreign investments rose to 2.51% last week

Non-founding foreign investors – namely swap holders, residents and qualified foreign investors (QFIs) – increased their ownership in the Saudi Stock Exchange (Tadawul) to 2.51 percent in the week ending April 25, from 2.45 percent in the previous week, on net purchases worth SAR 1.954 billion, market data show.

Non-founding foreign investors don’t include strategic partners.

Non-founding foreign ownership recorded its highest-ever levels, ahead of the second stage of Tadawul’s inclusion in FTSE Russel index on May 1, 2019.

GCC investors' ownership in the Saudi market remained unchanged last week at 2.03 percent.

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.

Foreign investors’ ownership, including strategic partners, increased by 0.09 percent for the week to 5.64 percent, hitting a record high.

Founding foreign investors accounted for 3.13 percent of the total foreign ownership in the Saudi market for the week ending April 25.