Foreign and Gulf investors recorded net selling during their dealings in the Saudi stock market, Tadawul. This was last week ending October 19, compared to recording net buying by Saudi investors.
The weekly report of the Saudi Tadawul Company, issued today, Monday, showed that foreign investors recorded net sales worth 329.89 million riyals, and 91.54 million riyals net sales to Gulf citizens, compared to net purchases by Saudis worth 421.43 million riyals.
The total purchases of foreigners amounted to 6.71 billion riyals, representing 27.41% of the total purchases in the market during the week, compared to sales amounting to 7.04 billion riyals, equivalent to 28.76% of the total sales.
Sales by qualified investors pressured foreign transactions last week. They recorded a net sale of about 330.55 million riyals, and the swap agreements recorded a net sale of about 4.17 million riyals, while resident investors recorded a net purchase of about 4.8 million riyals.
On the other hand, Saudis’ purchases during the last week ending on October 19 amounted to about 17.38 billion riyals, equivalent to 71.04% of all investors’ purchases of stocks listed in the general index of the Saudi stock market, compared to sales amounting to 16.96 billion riyals, representing 69.32% of investors’ sales in the market. during the week.
Net purchases by institutions amounted to about 133 million riyals. As a result of a difference in purchases amounting to 3.94 billion riyals, compared to sales amounting to 3.80 billion riyals.
Individual purchases amounted to about 13.45 billion riyals, compared to sales worth 1.16 billion riyals, with a net purchase value of 288.45 million riyals.
On the Gulf side, their total purchases amounted to 377.80 million riyals, compared to sales amounting to 469.34 million riyals.
The general market index, TASI, recorded an increase of 0.65% during the week ending October 19, 2023, with gains amounting to 68.34 points, rising to the level of 10,654.56 points, compared to 10,586.22 points last week.
The market value of stocks listed on the Saudi market declined by 24.42 billion riyals, falling to 10.97 trillion riyals, compared to 10.99 trillion riyals, at the end of last week.
