Strategy Note /
Saudi Arabia

Investor Tracker | December 2022 | Trading activity & ownership

  • In November 2022, Tadawul All Share Index (TASI) decreased 6.6% to close at 10,897 points

  • The average traded value decreased by 12.7% mom

  • QFIs were net buyers with a net inflow of SAR5.4bn

Iyad Khalid Ghulam
Iyad Khalid Ghulam

Head of Equity Research

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SNB Capital
6 December 2022
Published bySNB Capital

In November 2022, Tadawul All Share Index (TASI) decreased 6.6% to close at 10,897 points. The average traded value decreased by 12.7% mom and 23.9% yoy to SAR4.6bn. QFIs were net buyers with a net inflow of SAR5.4bn, which we believe comes as a result of MSCI revision. Saudi Individuals and Saudi Retail were also net buyers with a net inflow of SAR1.5bn and SAR2.7bn vs a net outflow of SAR5.0bn and SAR692mn in October 2022, respectively.

  • In November 2022, Tadawul All Share Index (TASI) decreased by 6.6% to 10,897 points. Average traded values decreased substantially to SAR4.6bn vs SAR5.3bn in October 2022, down 12.7% mom. In 27 November 2022, values traded were at the lowest value since 2020 and stood at SAR2.1bn, and we expect the decrease to continue in December 2022 due to the foreseen lower levels of liquidity.

  • Saudi individuals were net buyers with a total value of SAR1.5bn. Total Saudi individual investors’ traded value accounted for 59.5% of November 2022’s value traded vs 67.9% in October 2022. Saudi retail individual investors’ net purchases were SAR2.7bn vs net sales of SAR692mn in October 2022. HWI/IPIs were net sellers with a total of SAR620mn (vs net sales of SAR3.5bn in October 2022). Individual DPMs were also net sellers with a total of SAR591mn.

  • Saudi institutional investors were net sellers in November 2022, with a total of SAR7.1bn vs net sales in October 2022 of SAR278mn. They accounted for 14.4% of the total value traded (vs 11.8% in October 2022), while their ownership remained unchanged mom at 53.6% of the free float market cap. Saudi institutional investors’ total value traded in November 2022 reached SAR30.8bn (28.8% of total values traded) vs SAR27.4bn (23.5% of total values traded) in October 2022.

  • QFIs were net buyers in November 2022 with a net inflow of SAR5.4bn vs inflow of SAR4.7bn in October 2022. QFIs ownership stood at SAR278bn (13.0% of the free float market cap). The total value traded of QFIs reached SAR47.6bn (44.6% of total values traded), substantially higher than October 2022 levels of SAR39.3bn (33.8% of total value traded), and we believe the increase came as a result of MSCI revision.

  • Major changes in shareholdings included a 10% decrease in PIF’s ownership in Saudi Tadawul Group (STG) from 70% to 60% by selling 12mn shares through an accelerated book-building. The total sale proceeds were SAR2.3bn.