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Foreign, GCC selloffs reach SAR 724m in week - Tadawul

Foreign, GCC selloffs reach SAR 724m in week - Tadawul
Net sales of foreign investors amounted to SAR 619.93 million

Riyadh – Mubasher: Net selloff transactions of foreign and GCC investors in the Saudi Stock Exchange (Tadawul) reached SAR 724 million during last week, which ended on 11 October.

Net sales of foreign investors amounted to SAR 619.93 million, while the Gulf traders’ total sales stood at SAR 104.07 million, the Saudi bourse said in a report on Sunday.

Foreign investors’ purchases hit SAR 995.84 million, compared to SAR 1.62 billion in sell-offs.

Net sales of qualified non-Arab investors registered SAR 55.08 million through purchasing transactions worth of SAR 649.91 million, while their selling deals recorded SAR 704.99 million.

As for the GCC investors, their total purchases reached SAR 438.99 million and recorded sales of SAR 543.07 million.

Meanwhile, Saudi investors’ buying transactions valued at SAR 13.49 billion and logged sales of SAR 12.77 billion.

Last week, foreign investors’ trading volume reached SAR 628.09 millio