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Foreign sales in Tadawul amount to SAR 458m in week

Foreign sales in Tadawul amount to SAR 458m in week
(Photo Credit: Arabianeye-Reuters)

Riyadh – Mubasher: Net sales of foreign investors reached SAR 458.24 million during last week, which ended on 27 April, according to statistics of the Saudi Stock Exchange (Tadawul).

The total value of shares purchased by foreign investors during this period amounted to SAR 498.68 million, representing 3.1% of total buying activity, and sales of SAR 956.93 million, representing 5.99% of total selling activity.

Total ownership of foreigners represented 4.23% of total market capitalisation, with a 0.07% increase from the previous week, the statement said.

As for GCC investors, the total value of shares purchased reached SAR 424.99 million, representing 2.7% of total buying activity, and sales of SAR 320.11 million, representing 2% of total selling activity.

Moreover, Saudi investors’ total purchased shares during this period reached SAR 15.06 billion, representing 94.2% of total buying activity, while sold shares amounted to SAR 14.7 billion, representing 92.01% of total selling activity.