Riyadh - Mubasher: The value of foreign-owned shares in the Saudi Stock Exchange (Tadawul) rose significantly during December 2024, compared to the previous month, supported by qualified and resident investors.

The monthly report of "Tadawul" revealed today, Thursday, that the value of foreign ownership of Saudi stocks increased during the month of December by 23.60 billion riyals (one billion dollars).

The value of foreign investors’ ownership rose by the end of last month to 422.80 billion riyals, compared to 399.20 billion riyals by the end of November 2024.

The value of qualified investors’ ownership of Saudi stocks increased by 12.85 billion riyals to reach 339.36 billion riyals during December 2024, compared to 326.51 billion at the end of last November. The value of resident investors’ ownership also increased by about 6.07 billion riyals to reach 17.5 billion riyals, compared to 11.42 billion riyals last November.

The monthly report of "Tadawul" revealed that the value of shares owned by Saudi investors increased by about 213.35 billion riyals during last December, to 9.70 trillion riyals, compared to 9.5 trillion riyals at the end of the previous month.

The value of shares owned by Gulf investors increased slightly by 867.15 million riyals to 75.36 billion riyals, compared to 74.50 billion riyals at the end of November 2024.

In terms of foreign purchases, foreign investors recorded net purchases in the Saudi stock market during the month of December, supported by transactions by qualified investors, versus net sales by Saudis and Gulf nationals.

The monthly report issued by Tadawul showed that foreigners recorded net purchases worth 2.72 billion riyals, compared to net sales by Saudis and Gulf nationals worth 2.17 billion riyals and 550.96 million riyals, respectively.

Total foreign purchases amounted to 34.35 billion riyals, representing 28.73% of purchases in the market, compared to sales amounting to 31.63 billion riyals, equivalent to 26.45% of total sales.

Qualified investors supported foreign transactions, recording a net purchase of SAR 2.77 billion, while resident investors tended to sell with a net of SAR 648.48 million.

In contrast, selling dominated Saudi transactions, with a total of 85.93 billion riyals, representing 71.86% of sales in the market during the month, compared to total purchases worth 83.75 billion riyals, equivalent to 70.05% of purchases.

Saudi transactions witnessed institutions recording net sales worth 2.17 billion riyals, while net individual sales amounted to about 191.94 million riyals.