Foreign investors sold net $150.5mln of stocks on Saudi Tadawul in December

GCC investors were net buyers of 3.26 billion riyals worth of stocks in December, the kingdom's exchange said

  
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

Foreign investors were net sellers of 564.5 million riyals ($150.5 million) worth of stocks on the Saudi Stock Exchange (Tadawul) in December 2020, according to data issued by the bourse. During the month, they bought 15.95 billion riyals worth of stocks and sold 16.52 billion riyals worth of stocks.

Saudi institutional investors were net buyers of 4.06 million riyals worth of stocks as they bought stocks worth 10.70 billion riyals and sold stocks worth 6.65 billion riyals.

GCC investors were net buyers of 3.26 billion riyals worth of stocks. They bought stocks worth 1.85 billion riyals and sold 1.52 billion riyals worth of stocks.

Meanwhile, mutual funds were net buyers of 254.4 million riyals worth of shares.

(Writing by Brinda Darasha; editing by Seban Scaria)

brinda.darasha@refinitiv.com

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