Global Asset Management Firm Mercer Receives CMA Advisory License, Plans to Expand Team


RIYADH: The Saudi stock market is seeing a wave of new listings since the beginning of the year reaching 246 at the end of the second quarter of 2022.

Companies listed on the main index, Tadawul All Share Index, rose 6% to 215, while the remaining 31 were on Nomu’s parallel market, a report by the Capital Market Authority showed.

Nomu, which offers lighter registration requirements, saw a 343% increase in the number of companies joining the index in the three-month period compared to last year.

The report highlighted that approvals of new deals on Tadawul reached 13 during the quarter.

In terms of index performance, TASI registered a 5% increase over the year to end the quarter at 11,523.25 points.

The total number of people holding shares in the Saudi stock market was 5.67 million at the end of the three-month period, while the number of wallets held increased to 10.8 million from 10.1 million at the end of the three-month period. previous quarter.

Ownership by qualified foreign investors alone jumped to SR284 billion ($76 billion) over the same period, up 31% from SR216 billion a year earlier.

Regarding total foreign investment by Swap Holders, Foreign Residents, QFIs, Foreign Diversified Portfolio Managers and Foreign Strategic Investors, ownership increased to SR354 billion at the end of the second quarter, compared to SR 276 billion a year ago.

Overall, institutional investors held 96.6% of the total ownership in the SR11.4 trillion market, while the remaining 3.34% belonged to non-institutional investors at the end of the three-month period. month.

For investment funds, the value of Saudi public funds’ assets fell 29% in the second quarter of this year compared to 2021, as they invested less in money markets.

The value of assets decreased to SR193 billion from SR242 billion in the corresponding period in 2021.

The decline was mainly due to a decline in the value invested by the funds in money market instruments to SR101 billion, holding the highest share of fund assets.

The value of assets in this investment category fell by 35% from SR155 billion in the prior year period, despite the addition of a new money market fund this year.

Shares of public funds fell slightly in value to SR24 billion from SR25 billion year-on-year, while debt instruments increased to SR26.9 billion from SR25.6 billion.

Total value captures investments in different asset classes including equities, debt, money market instruments, real estate, exchange-traded funds, funds of funds, real estate investment trusts, endowments, multiple assets and others.


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