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Foreign purchases amount to SAR 51m in week

Foreign purchases amount to SAR 51m in week
(Photo Credit: Arabianeye-Reuters)

Riyadh – Mubasher: Net purchases of foreign investors reached SAR 51.15 million during last week, which ended on 23 March.

The total value of shares purchased by foreign investors during this period amounted to SAR 526.1 million, representing 3.5% of total buying activity, and sales of SAR 474.9 million, representing 3.1% of total selling activity.

Total ownership of foreigners represented 4.08% of total market capitalisation, with a 0.01% increase from the previous week, according to a bourse filing on Thursday.

As for GCC investors, the total value of shares purchased reached SAR 364.2 million, representing 2.4% of total buying activity, and sales of SAR 295.4 million, representing 1.95% of total selling activity.

Moreover, Saudi investors purchased shares during this period for SAR 14.23 billion, representing 94.1% of total buying activity, and sold for SAR 14.35 billion, representing 94.9% of total selling activity.