Saudi shares lose $ 6.3 billion of market capitalization
The total market capitalization of listed Saudi stocks fell last week by 1.4 percent, or $ 6.3 billion, to $ 447.7 billion from the previous week.
The market capitalization of foreign investors on the Saudi bourse fell by $ 360.4 million, or 1.8 percent last week, to $ 20.08 billion, compared with the previous week.
The share of foreign investors fell to 4.49 percent, compared to 4.50 percent of the total market value of listed companies, according to the weekly distribution bulletin.
The shares of foreign investors on the Saudi Stock Exchange include 5 categories of investors: swap agreements, resident investors, qualified investors, managed portfolios and strategic corporate partners.
In June 2015, Saudi Arabia allowed international institutional investors to buy local shares directly, previously only through swap agreements.
The move to help the country, the world's largest oil exporter, attract more foreign capital and reduce its reliance on oil revenues, as well as accelerate its accession to the MSCI Emerging Markets Index .
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