Foreign and Gulf investors recorded net selling during their transactions in the Saudi Stock Exchange (Tadawul) during the past week ending on August 8, while Saudi investors recorded net buying.
The weekly report, issued today, Monday, showed that foreign investors recorded net sales worth 286.53 million riyals, and 221.87 million riyals were net sales by Gulf investors, compared to net purchases by Saudis worth 508.41 million riyals.
Total foreign purchases amounted to 10.89 billion riyals, representing 27.35% of total purchases in the market during the week, compared to sales amounting to 11.18 billion riyals, equivalent to 28.07% of total sales.
Qualified investors pressured foreign transactions last week, recording a net sale of 343.27 million riyals, while resident investors recorded a net purchase of about 46 million riyals, and swap agreements recorded a net purchase of about 10.55 million riyals.
In contrast, Saudi purchases during the past week ending on August 8, 2024, amounted to about 28.5 billion riyals, equivalent to 71.50% of total investor purchases of stocks listed on the Saudi Stock Exchange’s general index, compared to sales worth 27.98 billion riyals, representing 70.24% of investor sales in the market during the week.
Both individuals and institutions recorded a total purchase, as individuals’ purchases amounted to about 22.51 billion riyals, compared to sales worth 22.23 billion riyals, with a net purchase of 276.68 million riyals.
The total purchasing power of institutions amounted to about 231.72 million riyals, through purchases worth 5.97 billion riyals, compared to sales of about 5.75 billion riyals.
On the Gulf side, their total purchases amounted to 452.37 million riyals, compared to sales amounting to 674.257 million riyals.
The TASI general index recorded a decline of 3.2% during the past week ending on August 8; which is the highest decline for the index since May 30, 2024, losing 378.66 points of its value, falling to 11,667.12 points, compared to 12,045.78 points last week.
Market losses amounted to 83.93 billion riyals, bringing the market capitalization of shares listed on Tadawul to 10.007 trillion riyals, compared to 11.09 trillion riyals at the end of last week.
