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Foreign ownership on Tadawul jumps SAR 5.1bn in week

Foreign ownership on Tadawul jumps SAR 5.1bn in week
Saudi ownership on Tadawul totalled SAR 8.445 trillion last week

Riyadh – Mubasher: The value of shares owned by Saudi investors on the Saudi Stock Exchange (Tadawul) on the main market surged by SAR 230 billion during the week ended on 17 September 2020 to stand at SAR 8.445 trillion.

The Saudi ownership represented 97.39% of issued shares and 85.30% of free shares, according to official data released on Sunday.

Meanwhile, foreign ownership on the Saudi bourse jumped by SAR 5.06 billion last week, reaching SAR 198.977 billion, accounting for 2.14% of issued shares and 12.50% of free shares.

This growth was backed by a higher ownership value of qualified investors by SAR 4.18 billion to SAR 145 billion, representing 1.56% of issued shares and 11.67% of free shares.

Moreover, the value of shares owned by strategic investors remained unchanged at SAR 40.54 billion whilst GCC ownership on Tadawul advanced by SAR 547.370 million weekly to reach SAR 43.078 billion, representing 0.46% of issued shares and 2.20% of free shares.