Foreign investors recorded net selling during their dealings in the Saudi stock market, Tadawul. This was in the last week ending January 11, 2024, in exchange for recording net buying by Saudi investors.
The weekly report of the Saudi Tadawul Company, issued today, Monday, showed that foreign and Gulf investors recorded net sales worth 842.06 million riyals and 55.86 million riyals each, respectively, compared to net purchases by Saudis worth 897.93 million riyals.
The total purchases of foreigners amounted to 8.56 billion riyals, representing 20.02% of the total purchases in the market during the week, compared to sales amounting to 9.41 billion riyals, equivalent to 22% of the total sales.
Qualified investors put pressure on foreign transactions last week. They recorded a net sale of about 841.17 million riyals, and the swap agreements recorded a net sale of about 38.72 million riyals, while resident investors recorded a net purchase of about 38.06 million riyals.
On the other hand, Saudis’ purchases during the last week ending on January 11, 2024 amounted to about 33.52 billion riyals, equivalent to 78.36% of all investors’ purchases of stocks listed in the general index of the Saudi stock market, compared to sales amounting to 32.62 billion riyals, representing 76.27% of Investors' sales in the market during the week.
The Saudis’ transactions supported the purchases of individuals and institutions. Net purchases by individuals amounted to about 210.64 million riyals. As a result of a difference in purchases amounting to 27.18 billion riyals, compared to sales worth 27 billion riyals.
On the other hand, institutional purchases amounted to about 6.334 billion riyals, compared to sales worth 5.65 billion riyals, with a net purchase value of 687.29 million riyals.
On the Gulf side, their total purchases amounted to 689.7 million riyals, compared to sales amounting to 745.56 million riyals.
The Saudi stock market witnessed a decline during the week ending January 11, 2023, after an increase that lasted for 6 consecutive weeks, amid a collective decline in the leading sectors and an increase in liquidity.
The general market index, TASI, recorded a decline of 0.24%. With a loss of 29.36 points, it fell to the level of 12,116.09 points, compared to 12,145.45 points last week.
Market losses amounted to about 38.6 billion riyals. The market capitalization of shares listed on Tadawul declined to about 11.27 trillion riyals, compared to 11.31 trillion riyals, the previous week.
