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Foreign ownership on Tadawul falls to SAR 196.9bn in week

Foreign ownership on Tadawul falls to SAR 196.9bn in week
Ownership of qualified investors tumbled by SAR 263.19 million last week

Riyadh – Mubasher: The market cap value of listed shares on the main index of the Saudi Stock Exchange (Tadawul) dipped by SAR 19.6 billion over the week ended on 24 September 2020, reaching SAR 9.271 trillion, compared to SAR 9.290 trillion a week earlier. 

The value of foreign ownership on the main market reached SAR 196.92 billion last week, a weekly decline of SAR 2.06 billion, representing 2.12% of issued shares and 12.59% of free shares, according to official data released by Tadawul. 

Market cap value of all foreign investors’ shares fell, led by strategic investors’ ownership, which plunged by SAR 1.24 billion to stand at SAR 39.3 billion (representing 0.42% of issued shares).

Likewise, ownership of qualified investors tumbled by SAR 263.19 million, reaching SAR 144.72 billion (representing 1.56% of issued shares).

Meanwhile, the market cap value of shares owned by local investors dropped by SAR 16.35 billion to register SAR 9.032 trillion from SAR 9.048 trillion.

Saudi ownership represented 97.42% of issued shares and 85.26% of free shares.

As for GCC investors, shares' ownership value decreased by SAR 1.21 billion to stand at SAR 41.87 billion from SAR 43.08 billion, representing 0.45% of issued shares and 2.15% of free shares.