Foreign ownership ex-Aramco up at 10.24% last week

Tadawul trading screen 

Non-institutional foreign investors raised their ownership in Tadawul-listed equities, excluding Saudi Aramco, to 10.24% from 10.06%, or SAR 333.7 billion, in the week ended July 3, market data showed.

The ownership of non-institutional foreign investors is represented by swap holders, residents, and qualified foreign investors (QFIs).

GCC investors' ownership in Saudi equities, excluding Saudi Aramco, edged down to 2.16% from 2.17%, reaching SAR 70.25 billion of total market cap by the end of the same week.

Foreign investors’ ownership in Saudi equities, including strategic partners and excluding Saudi Aramco, increased from 11.56% to 11.77% (SAR 383.7 billion) of the total for the week.

Meanwhile, institutional foreign investors, excluding Saudi Aramco, accounted for 1.53% (SAR 50 billion) of the total foreign ownership in the Saudi market for the July 3-ended week, according to Argaam’s data.