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Foreign ownership on Saudi stock rises by US$539m

The value of foreign-owned shares in the Saudi stock market Tadawul increased during the last week ending, 10 June, compared to the previous week.

The weekly report of the Saudi Tadawul revealed that the value of foreign ownership in Saudi stocks increased by SR$1.99bn (US$530m); it rose last week to SR$270.81bn (US$72.2bn), compared to SR$268.82bn (US$71.69bn) in the previous week.

The value of qualified investors’ stock ownership in Saudi Arabia climbed by SR$2.22b last week, SR$212.58b – up from SR$210.36bn the week before.

According to Tadawul’s weekly report, the value of Saudi investors’ shares grew to SR$9.421tn from SR$9.396tn the previous week, a gain of SR$25.55bn.

The Saudi market’s general index TASI rose 0.92%, or 98.03 points, in the week ending of 10 June, totalizing 10,796.33 points – up from 10,698.30 the previous week.

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