Foreign investors recorded net buying in the Saudi stock market during the past week, compared to a selling trend by Saudi and Gulf investors.
The weekly report of Tadawul revealed that net purchases amounted to 1.17 billion riyals ($313.33 million) for foreigners during the week ending September 5, 2024.
Total foreign purchases amounted to 9.39 billion riyals, representing 25.53% of total investor purchases in the market during the past week, compared to sales amounting to 8.21 billion riyals, equivalent to 22.34% of total sales.
Qualified investors’ transactions recorded a net purchase of 1.13 billion riyals, compared to a net sale of 578.88 thousand riyals for managed portfolios.
At the level of Saudi investors, total purchases amounted to 26.84 billion riyals, compared to 27.93 billion riyals for sales, with a total sales amounting to 1.09 billion riyals.
Individual investors’ transactions revealed a total purchase of 482.93 million riyals, through purchases amounting to 21.25 billion riyals, compared to 20.77 billion riyals for sales.
Total institutional purchases amounted to 5.59 billion riyals during the past week, compared to total sales of 7.17 billion riyals, with a total sales of about 1.58 billion riyals.
As for Gulf investors, total purchases amounted to 546.49 million riyals, compared to sales worth 627.55 million riyals, with a total sales amounting to 81.06 million riyals.
The Saudi Stock Exchange's general index, TASI, recorded a decline of 0.38% during the week ending September 5, 2024, amid a decline in 3 major sectors.
