Foreign investments on Tadawul rise to 3.7% 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 3.7 percent in the week ending June 13, from 3.5 percent in the previous week, on net purchases worth SAR 5.054 billion, market data show.

Non-founding foreign ownership hit a record high, ahead of the third tranche of Tadawul’s inclusion in the FTSE Russel index.

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

GCC investors' ownership in the Saudi market declined for the week to 1.96 percent, compared to 1.98 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.

Foreign investors’ ownership, including strategic partners, increased by 0.23 percent for the week to 6.87 percent, hitting its highest record ever.

Founding foreign investors accounted for 3.17 percent of the total foreign ownership in the Saudi market for the week ending June 13.