Foreign and Saudi investors recorded net purchases during their transactions in the Saudi Stock Exchange (Tadawul) during the past week ending on February 15, 2024, compared to net sales by Gulf investors.
The weekly report of Tadawul showed that Saudis and foreigners recorded a net purchase of 177.036 million riyals and 72.686 million riyals respectively, compared to a net sale by Gulf investors of 249.72 million riyals.
Total foreign purchases amounted to 10.683 billion riyals, representing 20.92% of total purchases in the market during the week, compared to sales amounting to 10.611 billion riyals, equivalent to 20.78% of total sales.
Qualified investors supported foreign transactions last week, with purchases worth 9.406 billion riyals, compared to sales worth 9.251 billion riyals, with a net purchase of 154.684 million riyals.
Saudis dominated their transactions during the past week ending on February 15, with total purchases amounting to 39.964 billion riyals, equivalent to 78.27% of total investor purchases of stocks listed on the Saudi Stock Exchange’s general index, compared to sales amounting to 39.787 billion riyals, representing 77.92% of investor sales in the market during the week.
Saudis’ transactions were affected by government agencies’ purchases, with a net purchase of 1.225 billion riyals, as a result of a difference in purchases of 2.459 billion riyals, compared to total sales of 1.233 billion riyals.
Saudi individual investors also recorded net sales of SAR 1.924 billion, as a result of the difference in purchases amounting to SAR 31.710 billion, compared to sales amounting to SAR 33.634 billion.
On the Gulf side, their total purchases amounted to 413.31 million riyals, compared to sales of 663.033 million riyals.
It is noteworthy that the Saudi Stock Market ended its weekly trading up by 2.31% during the week ending February 15, 2024, continuing its positive performance for the second week in a row, amid a near-collective rise in the sectors.
