Foreign investors recorded net buying in the Saudi stock market during the past week, against a selling trend for Saudi and Gulf investors.
The weekly report of Tadawul yesterday, Monday, revealed a net purchase amounting to 1.14 billion riyals ($303 million). For foreigners during the week ending December 14, 2023.
The total purchases of foreigners amounted to 8.2 billion riyals, representing 25.6% of the total purchases of investors in the market during the past week, compared to sales amounting to about 7.1 billion riyals, equivalent to 22% of the total sales.
Qualified investors' transactions recorded net purchases of 1.14 billion riyals, compared to net sales to resident investors of approximately 8.03 million riyals.
At the level of Saudi investors, total purchases amounted to 23.4 billion riyals, compared to 24.4 billion riyals for sale, with a sale total of 1.03 billion riyals.
Individual investor transactions revealed a sale proceeds worth 1.02 billion riyals. Through purchases amounting to 19.14 billion riyals, compared to 20.17 billion riyals for sale.
The total purchases of institutions amounted to 4.25 billion riyals during the past week, compared to total sales amounting to 4.27 billion riyals, bringing the sales total to about 16.45 million riyals.
As for Gulf investors, total purchases amounted to 573.36 million riyals, compared to sales worth 670.09 million riyals, with a sales total of 96.73 million riyals.
The general index of the Saudi market, TASI, recorded an increase of 2.83% during the week ending December 14, 2023. To continue its positive performance for the third week in a row; Supporting the banking and communications sectors.
