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FinancialNews
09-12-19
Non-founding foreign investors to increase their ownership in Saudi Stock Exchange
(MENAFN) According to market data, non-founding foreign investors namely swap holders, residents and qualified foreign investors (QFIs) increased their ownership in the Saudi Stock Exchange (Tadawul) from 6.42 percent in the week before to 6.46 percent in the week ending on Dec. 5.
Non-founding foreign investors were net buyers of SAR 279.3 million worth of stocks previous week while ownership of non-founding foreign investors, who do not include strategic partners, reached a fresh record high previous week.
GCC investors' ownership in the Saudi market stayed the same at 1.80 percent for the week.
GCC investors' ownership saw a slow drop in April 2017 to 2.40 percent ahead of decreasing to 2.06 percent in average previous year, as Argaam informed.
MENAFN0912201900450000ID1099391991
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