Saudi stock foreign holdings drop by $1.13B

Last week, there was a decline in the value of foreign-owned shares in the Saudi Stock Exchange "Tadawul," as they decreased by 4.23 billion riyals (approximately $1.13 billion), reaching 439.85 billion riyals, due to pressure from financial institutions. Additionally, Saudi investors' holdings declined by about 1.26 billion riyals, while Saudi institutional ownership increased by 13.06 billion riyals, soaring to 7.966 trillion riyals. The drop in share values led to a 1.66% decline in the Tadawul All Share Index ("TASI"), influenced by geopolitical tensions, fluctuations in oil prices, and regional and global market volatility.

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