Foreign investors on Tadawul buy $84mln of stocks in 1 week

Saudi investors were net sellers

A Saudi woman walks at the Saudi stock market (Tadawul), in Riyadh, Saudi Arabia March 9, 2020.

A Saudi woman walks at the Saudi stock market (Tadawul), in Riyadh, Saudi Arabia March 9, 2020.

REUTERS/Ahmed Yosri

Riyadh – Foreign and Gulf investors on the Saudi Stock Exchange (Tadawul) registered net purchases of SAR 316.67 million and SAR 180.32 million, respectively, during the week ended on 26 November 2020, whereas Saudi investors were net sellers of SAR 496.99 million.

Total purchases of foreign investors reached SAR 3.79 billion while sales totalled SAR 3.47 billion, as shown by official data.

Qualified and resident investors recorded net buys of SAR 325.88 million and SAR 6.1 million, respectively, during the past week, while net sells from swap agreements amounted to SAR 15.34 million.

As for GCC investors, total buys hit SAR 454.13 million while total sells reached SAR 273.8 million.

Moreover, Saudi investors’ buying and selling deals totalled SAR 62.7 billion and SAR 63.2 billion, respectively.

Source: Mubasher

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