‎Non-institutional foreign ownership excluding Aramco rises to 10.14% last week

‎Non-institutional foreign ownership excluding Aramco rises to 10.14% last week

Non-institutional foreign investors increased their ownership in Tadawul-listed equities, excluding Saudi Aramco, to 10.14%, or SAR 309.9 billion, in the week ended Oct. 6, from 9.86% 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 1.72% of the total market cap, or SAR 52.6 billion, from 1.73% in the week before.

Foreign investors’ ownership, including strategic partners and excluding Saudi Aramco, declined from 11.94% to 11.92%, or SAR 364.08 billion, in the week ended Oct. 6.

Meanwhile, institutional foreign investors, excluding Saudi Aramco, accounted for 1.77%, or SAR 54.2 billion, of the total foreign ownership in the Saudi market for the same week, according to Argaam’s estimates.