Saudi stocks’ value falls 19.29% in week

JEDDAH — Saudi Stock Exchange’s total value of shares traded for the week ending March 17, 2016 amounted to SR26.57 billion, decreasing by 19.29% over the previous week; while total stock market capitalization reached SR1.472.04 billion at the end of this period, increasing by 0.35% over the previous week. The total value of shares purchased by "Saudi Investors" during this period amounted to SR25.39 billion representing 95.58% of total buying activity, and sales of SR25.29 billion representing 95.20% of total selling activity. Total ownership of "Saudi Investors" stood at 93.22% of total market capitalization as of March 17, 2016, representing an increase of 0.03% from the previous week. The total value of shares purchased by "GCC Investors" during this period amounted to SR0.523 billion representing 1.97% of total buying activity, and sales of SR0.517 billion representing 1.95% of total selling activity. Total ownership of "GCC Investors" stood at 2.50% of total market capitalization as of March 17, 2016, representing an increase of 0.05% from the previous week. The total value of shares purchased by "Foreign Investors" during this period amounted to SR0.651 billion representing 2.45% of total buying activity, and sales of SR0.757 billion representing 2.85% of total selling activity. Total ownership of "Foreign Investors" stood at 4.28% of total market capitalization as of March 17, 2016, representing a decrease of 0.08% from the previous week. Holding value of Tradable Rights (SR652,400,000), and Acquisition (SR353,865,500) were not deposited as of March 17. — SG