Foreign, Saudi investors see net purchases on Tadawul last week

Sales deals carried out by GCC investors last week netted $72.82mln

  
A man walks at the Saudi Stock Exchange (Tadawul) following the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019. Image used for illustrative purpose.

A man walks at the Saudi Stock Exchange (Tadawul) following the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019. Image used for illustrative purpose.

REUTERS/Ahmed Yosri

Riyadh –  Foreign and Saudi investors recorded net purchases on the Saudi Stock Exchange (Tadawul) during the week ended on 24 September 2020; whereas Gulf investors leaned towards selling activity.

Total buying transactions executed by foreign and Saudi investors registered SAR 191.71 million and SAR 81.38 million, respectively, according to data from the Saudi bourse.

Meanwhile, sales deals carried out by GCC investors netted SAR 273.08 million.

Purchases of foreign investors registered SAR 2.18 billion whilst sales came in at SAR 1.99 billion.

Foreign investors leaned towards selling activity, except for qualified investors, whose purchases amounted to SAR 217.89 million.

As for Saudis, purchases hit SAR 40.81 billion while sales totalled SAR 40.73 billion.

On the other hand, GCC investors executed sales deals worth SAR 478.94 million and buying transactions of SAR 205.86 million.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities