Riyadh – Mubasher: Buying activity of foreign investors in the Saudi Stock Exchange (Tadawul) netted SAR 341.81 million during the week ended on 10 September 2020, compared to net sales by Saudi and GCC investors worth SAR 107.22 million and SAR 234.59 million, respectively.

Total buying transactions executed by foreign investors amounted to SAR 2.87 billion while total sales reached SAR 2.52 billion.

Foreign investors leaned towards selling activity, excluding qualified investors, with net purchases of SAR 506.01 million, compared to net sales of SAR 111.3 million for swap agreements and SAR 52.5 million for resident investors.

As for Saudis, total purchases came in at SAR 57.27 billion while selling deals hit SAR 57.38 billion.

In the meantime, sales deals carried out by GCC investors totalled SAR 490.86 million while net purchases registered SAR 256.27 million.

Foreign ownership on Tadawul nears SAR 194 billion

The value of foreign ownership on Tadawul on the main market increased by SAR 639.55 million or 0.33% last week, hitting SAR 193.91 billion.

This growth paralleled with an increase in the share ownership value of qualified investors by SAR 1.25 billion to SAR 140.8 billion.

On the other hand, the value of shares owned by strategic investors tumbled by SAR 227.4 million to stand at SAR 39.77 billion.

In the meantime, the value of shares owned by GCC investors soared by SAR 893.61 million weekly to SAR 42.53 billion, whereas the value of those owned by local investors dipped by SAR 37.98 billion to reach SAR 8.819 trillion.

At the same time, the stock exchange continued its positive trajectory for the eleventh consecutive week, with the Tadawul All Share Index (TASI) hiking by 1.12% or 90.07 points and settling at the level of 8,135.16 points.

Market cap value plunged by SAR 36.4 billion last week to stand at SAR 9.055 trillion, pressured by Saudi Aramco's market losses.