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00:00 So, our viewers, how was the foreign investment movement during the first quarter of 2024,
00:09 and what are the main factors that supported the entry of this foreign investment?
00:14 The most prominent one was that there were clear progressions during the past period
00:18 to the number of companies on the global indicators,
00:22 and also in relation to the financial distributions that were attractive to the companies that also achieved
00:28 significant profits, if we are talking about the banking sector.
00:32 At the beginning, we noticed that the growth and increase that we saw during the past period
00:38 was 700 times, and thus this value rose to more than 2 billion dollars during the first quarter of this year,
00:46 after it was recorded at nearly 2.9 million dollars during the same period of the previous year.
00:53 Moving on, how did these foreign investments spread in the Gulf Stocks?
00:58 We find that the UAE markets acquired a share of the Assad, if we add up the Abu Dhabi market and Dubai market,
01:04 with a ratio of about 51%, it comes in second place to the Saudi market during this period,
01:11 with about 23%, followed by the Kuwaiti stock market, and then the Qatar stock market with 8%.
01:17 We also go back to detail these foreign investments and inflows that were clear during this period.
01:23 In the Dubai market, it grew by 870%, and thus reached 498 million dollars.
01:30 In the Abu Dhabi market, there was a shift from selling to buying.
01:35 During the same period of the previous year, there were sales and withdrawals in foreign investment in the Abu Dhabi market,
01:42 but during this quarter, we noticed that the buying processes were again supported by several factors,
01:48 as we mentioned the drowning financial distribution that was in the banking sector and also in the real estate sector.
01:54 We notice that the foreign investment in the Saudi market was clear, there were 1% withdrawals,
02:00 and thus reached 462 million dollars.
02:05 The Kuwaiti stock market followed this period with clear foreign inflows, especially in the first two months of the current year,
02:12 in addition to the Qatar stock market, which grew by 490% in foreign investment.
02:17 We will now discuss the shares that acquired the largest share.
02:21 We will talk about the UAE stock markets, this time on the Eymar shares.
02:25 Foreign ownership in the Eymar shares reached 37%, and thus 22 million shares were bought by foreigners.
02:33 In the Abu Dhabi market, we have in the first Abu Dhabi bank,
02:38 about 20% of foreign ownership, and 440 million shares were bought by foreign investors.
02:47 In the Kuwaiti markets, the Kuwaiti financial house had a clear entry to the foreign exchange,
02:53 with about 8 million shares, and foreign ownership in this market reaches about 24.6%.
02:59 Regarding the Saudi market, we have noticed that despite the positive distributions that we have seen on Aramco,
03:06 and despite the decline in profits during the past period,
03:10 it has increased from the cash distributions, which were about 116 billion Riyals in the fourth quarter of last year,
03:18 and more than that, and thus this is what we noticed from the declines in the shares and the decline in foreign investment on Aramco.
03:27 We can go back to the main reasons for this entry, the results of the reviews of international institutions.
03:33 If we were talking about international indicators, six new shares of Gulf shares were included in MSCI.
03:40 And for FTSE, there was a promotion of five Saudi shares,
03:44 and this was also clear in these promotions that were made on the shares,
03:48 in giving a strong boost to investors to enter the Gulf markets.
03:53 The most prominent was the movement of oil prices and the rise that reached about 14% since the beginning of this year.
04:01 So foreign investments were clear in Gulf stocks during the first quarter of this year.