Qualified foreign investors (QFIs) were net purchasers of SAR 91.2 billion worth of stocks on the Saudi Stock Exchange (Tadawul) in 2019, compared to net buys of 2.83 billion in 2018, according to data issued by the Saudi bourse.
Foreign investors bought SAR 239 billion worth of shares and sold shares at a total value of SAR 148 billion in 2019.
Foreign investors recorded the highest purchases in May and June 2019 at SAR 17.6 billion and SAR 16.2 billion, respectively.
Last year, Tadawul completed its full inclusion on the MSCI emerging markets index. It was also included in S&P Dow Jones Indices.
In addition, Tadawul completed four phases of FTSE Emerging Markets inclusion in 2019, while the last phase is expected to be completed in March 2020.
Accordingly, foreign investors’ total ownership hit its highest record in 2019 at 9.28% of the total market value as on Dec. 5, before it dropped to 2.19% on listing Saudi Aramco’s shares.
|
Foreign Investors Trading Value in 2019 (SAR bln) |
|||
|
Month |
Purchases |
Sales |
Net Trading value |
|
January |
8.29 |
3.93 |
+ 4.36 |
|
February |
5.69 |
3.11 |
+ 2.58 |
|
March |
10.00 |
5.03 |
+ 4.97 |
|
April |
14.76 |
8.89 |
+ 5.86 |
|
May |
51.24 |
33.62 |
+ 17.62 |
|
June |
30.97 |
14.81 |
+ 16.16 |
|
July |
14.88 |
6.47 |
+ 8.40 |
|
August |
42.20 |
28.13 |
+ 14.07 |
|
September |
18.34 |
12.64 |
+ 5.69 |
|
October |
11.93 |
7.43 |
+ 4.50 |
|
November |
13.66 |
10.99 |
+ 2.67 |
|
December |
17.26 |
12.98 |
+ 4.29 |
|
Total |
239.22 |
148.03 |
+ 91.17 |
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