Riyadh –  Foreign investors in the Saudi Stock Exchange (Tadawul) are seeking to ratchet up their investments, buoyed by the anticipation to upgrade Tadawul by international index compilers FTSE Russell, MSCI, and S&P Dow Jones indices.

In the first eleven weeks of 2019, foreign trades generated net buying at a value of SAR 9.51 billion ($2.54 billion), according to data compiled by Mubasher.

While non-Saudi traders’ selloff recorded SAR 9.39 billion since the beginning of 2019 until the end of the previous week, Mubasher added, citing data from the Saudi bourse.

Foreign ownership

Foreign ownership in Tadawul-listed firms increased by SAR 16.25 billion, or 18.7%, to SAR 103.1 billion by the end of mid-March, from SAR 86.84 billion in December 2018.

 

All Rights Reserved - Mubasher Info © 2005 - 2019 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.