By Majid Al-Shabib
Riyadh-Mubasher: The government and investment funds were net buyers of shares worth around SAR 813.2 million ($216.80 million) in the week ended 3 March, according to the data available on Tadawul website.
The government and investment funds recorded buy/sell differences of SAR 72.2 million ($19.25 million) and SAR 741 million ($197.56 million), respectively.
The ownership of investment funds on the Saudi bourse reached nearly SAR 42.7 billion ($11.38 billion), representing 2.99% of the market value. Meanwhile, the ownership of government entities amounted to SAR 559 billion ($149.03 billion), or 39.07% of the bourse's total value.
Foreign investors were net sellers of shares worth SAR 103.97 million ($27.72 million) last week. Resident investors recorded a sell/buy difference of SAR 47.38 million ($12.63 million), while qualified investors recorded a buy/sell difference of SAR 10.76 million ($2.87 million).
Foreign investments accounted for around 2.4% of the market's total traded value reaching SAR 28.6 billion ($7.62 billion).
The ownership of forewing investors amounted to SAR 61.62 billion ($16.43 billion), compared with SAR 58.87 billion ($15.70 billion) a week earlier.
On the other hand, retail investors were net sellers of shares worth SAR 1.81 billion ($0.48 billion). Their ownership reached SAR 443.16 billion ($118.15 billion) at the end of last week, or 30.98% of the market's total value.
Translated by Abdul Maguid Aboshahla
