20/10/2020
* Majid Al-Khalidi from Riyadh
The market value of foreign ownership of Saudi stocks jumped by the end of last week, 15 October, by 45.2 percent, or the equivalent of 63.5 billion riyals, after it was 140.4 billion riyals in the week ending on March 19, a period that coincided with the market bottom after the repercussions of the pandemic.
According to the monitoring unit of the reports in Al-Eqtisadiah newspaper, based on the data of the Saudi Stock Exchange "Tadawul", the market value of foreign ownership amounted to about 203.95 billion riyals, which is the highest level of their investments in the market, constituting 2.22 percent of the market value of 9.19 trillion riyals by the end of Same period.
From mid-March to the end of last week, foreign investors recorded net purchases of "foreign inflows" in Saudi stocks during about 24 weeks out of 29 weeks, while they recorded net sales in only five weeks.
By this, foreign investors achieved net purchases of 14.45 billion riyals, after total purchases of about 90.43 billion riyals, compared to total sales of about 75.97 billion riyals during the period.
The market value of foreign ownership by the end of last week was about 2.22 percent of the market value of Saudi stocks, while in mid-March it was about 1.91 percent.
During the period from the end of mid-March until last October 17, the main Saudi stock market index, "TASI", rose by more than 40 percent.
Performance since the beginning of the year
Since the beginning of this year, foreign investors have recorded net purchases of about 16.9 billion riyals until the end of last week ending on October 15, 2020.
The net purchases of foreigners since the beginning of the year came after total purchases of 119.15 billion riyals during the aforementioned period, compared to total sales of 102.28 billion riyals.
Thus, the market value of foreign ownership grew by about 3 percent, compared to what it was at the end of last year amounting to 198 billion riyals and an increase of 5.95 billion riyals, as their own in the market was affected by declines in the first quarter.
* Economic Reports Unit
