Tadawul: Foreign investors bought a net $247.45mln of stocks in July

Saudi institutions were net buyers of 807.56 million Saudi riyals of stocks

  
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

The Saudi Stock Exchange (Tadawul) said in a report that foreign investors bought a net 928.14 million Saudi riyals ($247.45 million) of stocks in July.

The Monthly Stock Market Ownership and Trading Activity Report showed that foreigners bought 7.67 billion Saudi riyals of stocks (6.88 percent of total buys) and sold 6.74 billion riyals of stocks (6.05 percent of total sells) during the month.

The report also showed that Saudi individuals bought 94.88 billion Saudi riyals of stocks (85.18 percent of total buys) in July and sold 97.04 billion Saudi riyals of stocks (87.11 percent of total sells).

Saudi institutions were net buyers of 807.56 million Saudi riyals of stocks, buying 7.55 billion Saudi riyals (6.78 percent of total buys) and selling 6.74 billion Saudi riyals (6.05 percent of total sells).

(Writing by Gerard Aoun; editing by Seban Scaria)

(gerard.aoun@refinitiv.com)

#Tadawul #Saudi #Equities #Financial markets

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