639 million riyals, net foreign purchases of Saudi stocks within a week

Foreign and Gulf investors recorded net purchases during their dealings in the Saudi stock market, Tadawul. This was in the last week ending on November 2, 2023, in exchange for a net sale to Saudi investors.

The weekly report of Tadawul, issued yesterday, Monday, showed that Gulf and foreign investors recorded net purchases of 7.21 million riyals and 639.3 million riyals, respectively, compared to net selling to Saudis of 646.51 million riyals.

The total purchases of foreigners amounted to 7.02 billion riyals, representing 23.83% of the total purchases in the market during the week, compared to sales amounting to 6.38 billion riyals, equivalent to 21.66% of the total sales.

Qualified investors supported foreign trading last week; They registered a net purchase of 648.98 million riyals, compared to a net sale to resident investors and others of 20.61 million riyals.

On the other hand, Saudis’ trading was dominated by selling during the last week ending on November 2, with a total of 22.37 billion riyals, equivalent to 75.85% of the total investors’ sales of stocks listed in the general index of the Saudi stock market, compared to purchases amounting to 21.72 billion riyals, representing 73.66% of investors’ purchases. In the market during the week.

The Saudis’ transactions were affected by institutional sales. With a net sale of 710.76 million riyals; As a result of a difference in purchases amounting to 4.45 billion riyals, compared to total sales amounting to 5.16 billion riyals.

Saudi individual investors also recorded net purchases of 64.25 million riyals. As a result of the difference in purchases amounting to 17.28 billion riyals, compared to sales amounting to 17.21 billion riyals.

On the Gulf side, their total purchases amounted to 741.06 million riyals, compared to sales amounting to 733.85 million riyals.

It is noteworthy that the Saudi stock market ended its weekly trading with a noticeable increase, recording the highest weekly gains in more than a year, in light of the almost collective rise of the sectors.