The market value of Saudi shares in Tadawul recorded a decline during March 2024, amid a decline in the value of ownership of institutions affected by the sharp decline in ownership of government agencies, in addition to a decline in ownership of individual investors.
The monthly trading report issued by the Saudi Stock Exchange (Tadawul) showed a decrease in the market value of Saudi investors in the main market of Tadawul by 241.32 billion riyals last month, to reach 10.448 trillion riyals, compared to 10.689 trillion riyals at the end of February 2024.
Saudi ownership was affected by the decline in the market value of institutional shares, which fell by 223.27 billion riyals in March, to 9.531 trillion riyals, compared to 9.754 trillion riyals in the previous month.
Government entities, whose market capitalization represents 66.1% of the market’s total market capitalization, put pressure on Saudi institutional ownership in March and thus on Saudi investor transactions.
The market value of government entities fell sharply in March by 791.89 billion riyals, as their ownership value reached 7.232 trillion riyals at the end of it, compared to 8.024 trillion riyals at the end of February 2024.
The significant increase in the market value of corporate shares reduced the severity of the decline in Saudi institutional ownership in March, as the value of corporate ownership rose by 581.04 billion riyals, to record 1.933 trillion riyals, compared to 1.352 trillion riyals at the end of the previous month.
At the individual level, the value of their ownership decreased in March 2024 by 18.06 billion riyals, to fall to 916.88 billion riyals, compared to 934.94 billion riyals in the previous month.
As for the market value of foreigners in the Saudi stock market, it recorded a decrease of 7.44 billion riyals in March 2024, reaching 418.87 billion riyals, compared to 426.3 billion riyals in February.
Foreign ownership was affected by the decline in the value of ownership of qualified investors, which fell last month by the equivalent of 8.75 billion riyals to 332.95 billion riyals, and the decline in ownership of strategic investors by 550.19 million riyals to 55.89 billion riyals, while ownership of managed portfolios increased by 1.78 billion riyals to record 16.73 billion riyals.
In contrast, the value of Gulf investors’ ownership increased by 129.74 million riyals in March 2024, to 71.67 billion riyals, compared to 71.54 billion riyals in the previous month.
