Foreign ownership of Saudi stock market rises by $1.04 billion in a week

Foreign and Gulf investors’ ownership of the Saudi stock market increased by the end of the week ending July 11, supported by an increase in the ownership of qualified investors.

Saudi Stock Exchange data revealed, in its weekly report issued today, Monday, that foreign investors’ ownership increased by 3.917 billion riyals ($1.04 billion), bringing the total value of their ownership to 403.307 billion riyals, compared to 399.389 billion riyals in the previous week.

Foreign ownership represented 3.97% of the value of shares issued in the market by the end of the week ending on July 11, compared to 3.95% in the previous week, while it represented 10.63% of the value of free shares compared to 10.61% in the week ending on July 4, 2024.

Foreign ownership increased, supported by the increase in the ownership of qualified investors by 3.471 billion riyals during the week ending on July 11, to reach 322.020 billion riyals, compared to a value of 318.548 billion riyals.

The value of Gulf investors’ ownership in the main market of Saudi Tadawul increased by 1.115 billion riyals during the week ending on July 11, reaching 72.432 billion riyals, compared to 71.317 billion riyals in the previous week.

The value of Saudi investors’ ownership in the stock market increased by 27.811 billion riyals in the week ending on July 11, bringing their ownership to 9.671 trillion riyals, compared to 9.643 trillion riyals in the previous week.

Supporting Saudi ownership; the ownership of institutions increased by 19.541 billion riyals, bringing their total ownership to 8.763 trillion riyals. Companies were the most prominent institutions that witnessed an increase in their ownership by 10.714 billion riyals, bringing their total ownership to 1.83 trillion riyals.

While the ownership of Saudi individual investors increased by 8.27 billion riyals in the week ending July 11, 2024, bringing their total ownership in the market to 907.653 billion riyals.

The Saudi stock market witnessed a rise of 1.15% during the week ending July 11, 2024, to resume its weekly gains, supported by 3 major sectors led by the banks with the highest weight in the index.