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Net foreign sales on Tadawul reach SAR 99m in week

Net foreign sales on Tadawul reach SAR 99m in week
(Photo Credit: Arabianeye-Reuters)

Riyadh – Mubasher: Net sales of foreign investors reached SAR 99.281 million during last week, which ended on 18 March, according to the Saudi Stock Exchange’s (Tadawul) statistics.

The total value of shares purchased by foreign investors during this period amounted to SAR 731.2 million, representing 4.57% of total buying activity, and sales of SAR 631.97 million, representing 3.95% of total selling activity.

Total ownership of foreigners represented 4.18% of the total market capitalisation, with a 0.02% decrease from the previous week, the statement said.

As for the GCC investors, the total value of shares purchased reached SAR 282.2 million, representing 1.8% of total buying activity, and sales of SAR 228.2 million, representing 1.4% of total selling activity.

Moreover, Saudi investors purchased shares during this period for SAR 14.99 billion, representing 93.7% of total buying activity, and sold by SAR 15.1 billion, representing 94.6% of total selling activity.