Saudi Edition 
Egypt Edition 
UAE 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Share
Read Full Issue 
Foreign investors were net buyers on Tadawul’s main market last month, while local and GCC investors were net sellers. Foreign investors had net purchases worth over SAR 1.3 bn, according to the exchange’s monthly ownership and trading activity report (pdf). However, the value of shares under foreign ownership in Tadawul dipped 1.5% m-o-m to SAR 430.1 bn — likely due to a decline in the price of some of the stocks held.
Saudi + GCC investors took a bearish turn in February: Local investors were net sellers of Saudi equities last month, with net sales worth nearly SAR 1.95 bn. Saudi investors saw their ownership dipping 2.7% m-o-m to SAR 9.49 bn. GCC investors were also bearish on Tadawul-listed stocks, recording net sales of SAR 124.63 mn — trimming their positions by 0.7% m-o-m to SAR 76.10 bn.
MEANWHILE- Foreigners were net sellers on Tadawul’s parallel market Nomu, with net sales worth SAR 20.50 mn. Local investors were net buyers of Saudi equities on Nomu, with net purchases worth SAR 19.07 mn. GCC investors followed suit with net investment positions SAR 1.43 mn.
Institutional investors continued to dominate the main market, holding 87% of the freefloat, while retail investors led Nomu, controlling 68.30% of the free-float.
HOW TASI PERFORMED IN FEBRUARY-
Tadawul’s benchmark index TASI closed February at 12.1k points, down 2.4% for the month, according to monthly market data. Trading activity remained strong, with 4.8 bn shares exchanged across 8.2 mn transactions, generating a total value of SAR 113.1 bn. TASI’s market capitalization stood at SAR 10 tn.
Top movers: Allied Cooperative Ins. Group’s stock was up 14.4% last month, followed by local stationary Abo Moati (+9.4%) and property developer Alandalus (+8.5%). Meanwhile, Saudi Research and Media Group (SRMG) fell 22.9%, followed by Saudi Ceramics (-20.7%), and pipemaker Amiantit (-19.1%).
Banking and energy stocks saw the highest turnover, with AlRajhi Bank leading the value charts (SAR 7.3 bn), followed by Aramco (SAR 4.5 bn) and SNB (SAR 4.4 bn).
In terms of sector, banks (SAR 21.5 bn), materials (SAR 15.4 bn), and ins. (SAR 8.1 bn) led market activity last month, while real estate, telecom, and energy stocks saw steady inflows over the same period.
