‎Non-institutional foreign ownership excluding Aramco declines to 9.86% last week

‎Non-institutional foreign ownership excluding Aramco declines to 9.86% last week

Non-institutional foreign investors decreased their ownership in Tadawul-listed equities, excluding Saudi Aramco, to 9.86%, or SAR 290.6 billion, in the week ended Sept. 29, from 9.97% in the week before, 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, narrowed to 1.73% of the total market cap, or SAR 51.0 billion week-on-week (WoW).

Foreign investors’ ownership, including strategic partners and excluding Saudi Aramco, declined to 11.94%, or SAR 351.83 billion, from 12.04%, for the week ended Sept. 29.

Meanwhile, institutional foreign investors, excluding Saudi Aramco, accounted for 2.08%, or SAR 61.2 billion, of the total foreign ownership in the Saudi market for the same week.