RIYADH: Ownership of foreign investors in the Saudi stock market’s main Tadawul All Share Index slipped down to SR354 billion ($94 billion) at the end of the second quarter of 2022 from SR392 billion in the previous quarter. This includes investments by swap holders, foreign residents, qualified foreign investors, foreign diversified portfolio managers, and foreign strategic investors, according to a report by the Capital Market Authority. “Qualified foreign investors are playing an increasingly significant role on the Saudi Exchange,” said the report. Their ownership in Saudi-listed stocks hit SR284 billion by the end of the second quarter, after touching the highest level of SR340 billion in April 2022. In terms of trading, TASI saw a 32 percent jump in the value of shares traded by qualified investors to SR173 billion, from SR131 billion in the previous quarter. Despite efforts by the Kingdom to spur foreign investment, the parallel market Nomu also witnessed a drop in foreign ownership to SR388 million from SR489 million quarter-on-quarter.