Foreign investors on Saudi Tadawul buy $288mln of stocks in week

GCC investors registered net buys of $36.62mln last week

  
Investors monitor a screen displaying stock information 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.

Investors monitor a screen displaying stock information 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.

REUTERS/Ahmed Yosri

Riyadh –  Foreign investors on the Saudi Stock Exchange (Tadawul) bought SAR 1.08 billion worth of stocks during the week ended on 15 October 2020 through net sells of SAR 2.29 billion and total buys of SAR 3.38 billion.

Qualified investors recorded net purchases of SAR 1.09 billion last week, while sales of resident investors netted SAR 21 million, according to official figures from Tadawul.

Similarly, GCC investors registered net buys of SAR 137.35 million, net sells of SAR 366.84 million, and total purchases of SAR 504.19 million.

As for Saudi investors, net sales amounted to SAR 1.22 billion after executing selling transactions worth SAR 58.56 billion. Purchases totalled SAR 57.34 billion.

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