Domestic Capital Returns! Saudi Market Bucks Global Downturn; Csop Saudi Arabia Etf (02830.HK) Climbs Close to 3.5%

NewTimeSpace News：While Middle East hostilities erupted, Saudi Arabia's equity market surprisingly rallied. The Saudi Exchange All Share Index now stands approximately 1.7% higher than levels seen prior to the U.S. and Israeli military strikes against Iran; meanwhile, the Dubai Financial Market Index has plunged roughly 17% over the same period. As of 10:23 a.m. on March 24,Csop Saudi Arabia Etf(02830.HK) surged nearly 3.5%.

Hong Kong Exchanges and Clearing data shows thatCsop Saudi Arabia Etf(02830.HK) is an exchange-traded fund listed by CSOP Asset Management, tracking the FTSE Saudi Arabia Index. The fund covers the top 50 companies by market capitalization in Saudi Arabia, with core holdings concentrated across energy, financials, and telecommunications—the sole ETF directly linked to Saudi Arabia's broader market available to mainland China and Hong Kong investors.

Exchange data reveals that for the week ended March 5, Saudi investors' share of free float on Riyadh's main market ticked up slightly from 85.65% to 85.81%, suggesting the multi-year trend of rising foreign ownership may be pausing. During the same period, Saudi corporate investors emerged as the largest buyers, increasing their stake by 0.4 percentage points to 40.57%.

Prior to the conflict outbreak, the Saudi government had actively encouraged influential domestic capital to partner with global investors to attract more inflows. Last December, the Public Investment Fund hosted a summit on the Red Sea, inviting approximately ten prominent families to assess their appetite for participating in future investment opportunities.

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