The value of foreign investment in Saudi stocks rose by the end of March to the highest level at 241.5 billion riyals, accounting for 2.51% of the market value of 9.63 trillion riyals at the end of the same period.
According to Arab Net, net purchases of foreign investors in the Saudi stock market, about 5.8 billion riyals during the first quarter of this year, compared to 1.1 billion riyals in the same period from 2020, meaning the rise of foreign flows 444%.
According to an economic newspaper report based on Saudi Financial Market Market Data, net foreign purchases came during the period after a total purchases of 43.6 billion riyals, for total sales amounted to 37.9 billion riyals.
This is synchronized with the index of the main market index of 18.1%, to close at 9907.8 points by the end of the period, compared to 8689.5 points by the end of 2020.
During March, their net purchases were 3.5 billion riyals, the highest monthly purchases in nine months since June 2020, when net foreign purchases reached SR 4.9 billion.
The Tasi index rose 8.3% in March, to close at 9907.8 points, compared to 9145 points by the end of February.
