Investment funds licensed by the Capital Market Authority (CMA) recorded net sales in the Saudi stock market at the end of last week, August 12, for the second week in a row.

According to data from the Saudi Stock Exchange (Tadawul), investment funds achieved net sales during the past week amounted to 141.1 million riyals after recording net sales of 307.4 million riyals in the previous week.

The recording of net sales of investment funds last week comes after achieving total purchases of 858.6 million riyals, compared to sales of 999.67 million riyals.

According to the monitoring, the realization of funds achieving net sales for the second week in a row is the first time since mid-May, to reach net sales within two weeks about 448.5 million riyals, after they achieved sales of 1. 99 billion riyals and purchases of 1.99 billion riyals and purchases of 1.54 billion riyals.

Since the beginning of the year, investment funds recorded net purchases of 1.95 billion riyals, after achieving purchases of about 33.37 billion riyals and sales of 31.42 billion riyals.

The market is still on its upward path, with the general index gaining more than 30 percent since the beginning of the year, while the MT30 index rose by more than 32 percent during the period, while the market is still up more than 90 percent since the low of March 2020.
While the total value of ownership of investment funds in the local stock market reached about 274.67 billion riyals by the end of August 12, compared to about 269.2 billion riyals in the previous week.

Compared to their ownership at the end of last year, it increased by about 29.7 percent, which was at the level of 211.79 billion riyals. This brings the ownership of local investment funds in the main market to a record level, compared to data available since 2015.

The percentage of ownership of investment funds for free shares by the end of last week amounted to 11.53 percent, while constituting about 2.79 percent compared to issued shares.

As for the rest of the investors in the Saudi market, individuals of all categories held 41.7 percent of free shares by the end of last week, worth 804.7 billion riyals, and the ownership of Gulf investors amounted to about 50.22 billion riyals, equivalent to 2.14 percent, while foreign ownership amounted to about 14.3 percent of free shares, equivalent to 289.4 billion riyals.

The ownership of investment funds of free shares by the end of last week was 11.53 percent, while it constitutes about 2.79 percent of the issued shares.