Foreign investors recorded net buying in the Saudi stock market during the past week, compared to a selling trend by Saudi investors.
The weekly report of Tadawul revealed, today, Monday, a net purchase of 1.05 billion riyals ($280 million) was recorded in the week ending August 22, 2024.
Total foreign purchases amounted to 9.6 billion riyals, representing 24.52% of total purchases during the past week, compared to sales amounting to 8.55 billion riyals, equivalent to 21.84% of total sales.
Qualified investors recorded net purchases of about 1.1 billion riyals, compared to 35.86 million riyals net sales for resident investors.
At the level of Saudi investors, total purchases amounted to 29.08 billion riyals, compared to sales of 30.15 billion riyals, with a total sales of 1.07 billion riyals.
Individual investors’ transactions revealed a total sales of 1.65 billion riyals, through purchases amounting to 22.16 billion riyals, compared to sales amounting to 23.8 billion riyals.
Total institutional purchases amounted to 6.9 billion riyals during the past week, compared to total sales of 6.3 billion riyals, with a total purchase of 583.27 million riyals.
Gulf investors recorded a total purchase of 21.26 million riyals, through purchases of 471.43 million riyals, compared to sales of 450.17 million riyals.
The Saudi Stock Exchange's general index, TASI, rose by 2.34% during the week ending August 22, 2024, continuing its gains for the second week in a row, amid a near-collective rise in sectors, and the market value declined under pressure from Aramco.
