The value of foreign-owned shares in the Saudi Stock Exchange (Tadawul) increased during the past week ending on May 14, 2024, compared to the previous week, supported by qualified investors.
The weekly report of Tadawul revealed, on Tuesday, that the value of foreign ownership of Saudi stocks increased by 1.365 billion riyals (364 million US dollars).
The value of foreign investors’ ownership rose during the past week to 410.688 billion riyals, compared to about 409.323 billion riyals in the previous week, ending on May 9, 2024.
The value of qualified investors’ ownership of Saudi stocks increased by 2 billion riyals, reaching 324.624 billion riyals, compared to about 322.623 billion for the previous week.
The weekly report of Tadawul revealed that the value of shares owned by Saudi investors rose to 10.246 trillion riyals, compared to 10.207 trillion riyals for the previous week, an increase of 39.173 billion riyals.
The value of shares owned by Gulf investors increased by 1.484 billion riyals to 71.825 billion riyals, compared to 70.34 billion riyals at the end of the previous week.
The general index of the market, TASI, recorded a decline of 0.55% during the week ending on May 9, 2024, losing 67.92 points of its value, falling to 12,284.41 points, compared to 12,352.33 points last week.
