Foreigners record 770.25 million riyals net purchase in the Saudi stock market during the week

Foreign and Gulf investors recorded net buying during their transactions in the Saudi Stock Exchange (Tadawul) during the past week ending on August 15, while Saudi investors recorded net selling.

The weekly report, issued today, Monday, showed that foreign investors recorded net purchases worth 770.25 million riyals, and 121.95 million riyals net purchases by Gulf citizens, compared to net sales by Saudis worth 892.2 million riyals.

Total foreign purchases amounted to 7.73 billion riyals, representing 25.33% of total purchases in the market during the week, compared to sales amounting to 6.96 billion riyals, equivalent to 22.81% of total sales.

Qualified investors supported foreign transactions last week, recording a net purchase of SAR 827.06 million, while strategic investors recorded a net purchase of SAR 9.07 million, while resident investors recorded a net sale of SAR 61.41 million, and managed portfolios recorded a net sale of SAR 1.24 million.

In contrast, Saudi purchases during the past week amounted to about 22.33 billion riyals, equivalent to 73.16% of the total purchases of investors on the stocks listed on the general index of the Saudi stock market, compared to sales worth 23.22 billion riyals, representing 76.08% of investors’ sales in the market during the week.

Both individuals and institutions recorded a sales result, as individual sales amounted to about 18.78 billion riyals, compared to purchases worth 17.93 billion riyals, with a net sale of 857.25 million riyals.

The sales total of the institutions amounted to about 35 million riyals, through purchases worth 4.40 billion riyals, compared to sales of about 4.43 billion riyals.

On the Gulf side, their total purchases amounted to 459.97 million riyals, compared to sales of 338.02 million riyals.

The TASI index ended last week’s trading, which ended on Thursday, August 15, with gains of 2.12% compared to last week, adding 247.90 points to its balance, raising it to 11,915.02 points, compared to 11,667.12 points at the end of trading for the week ending on August 8.