Non-founding foreign investors – namely swap holders, residents and qualified foreign investors (QFIs) – raised their ownership in the Saudi Stock Exchange (Tadawul) to 6.46% in the week ending on Dec. 5, from 6.42% in the week before, market data showed.
Non-founding foreign investors were net buyers of SAR 279.3 million worth of stocks last week.
Ownership of non-founding foreign investors, who do not include strategic partners, hit a fresh all-time high last week.
GCC investors' ownership in the Saudi market remained unchanged at 1.80% for the week.
According to data compiled by Argaam, GCC investors' ownership saw a gradual decrease in April 2017 to 2.40%, ahead of dropping to 2.06% in average last year.
Foreign investors’ ownership, including strategic partners, rose to 9.28%, up 0.03% week-on-week.
Founding foreign investors accounted for 2.82% of total foreign ownership in the Saudi market for the week ending Dec. 5.
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