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Foreign investors on Tadawul buy SAR 1.42bn of stocks in week

Foreign investors on Tadawul buy SAR 1.42bn of stocks in week
Total purchases of foreign investors reached SAR 3.67 billion last week.

Riyadh – Mubasher: Foreign and Gulf investors on the Saudi Stock Exchange (Tadawul) recorded net buys during the week ended on 14 January 2021, whereas Saudi investors continued to record sales.

Net buys achieved by foreign and GCC investors came in at SAR 1.42 billion and SAR 35.27 million, respectively, compared to net sales of SAR 1.46 billion by Saudis, official data from Tadawul showed.

Total purchases of foreign investors reached SAR 3.67 billion last week, representing 7.86% of total market buys, whilst sells totalled SAR 2.25 billion, representing 4.81% of overall sales.

As for GCC investors, total buy and sell transactions registered SAR 432.84 million and SAR 397.59 million, respectively.

On the other hand, Saudis saw sales of SAR 44.03 billion and purchases worth SAR 42.58 billion.

The Saudi bourse closed last week on a positive note, with the Tadawul All Share Index (TASI) hiking by 1.84% or 161.48 points weekly to reach 8,898.68 points.

Foreign ownership on Tadawul up last week 

The value of shares owned by foreign investors on Tadawul surged by SAR 5.056 billion ($1.3 billion) in the previous week, backed by qualified investors, to stand at SAR 214.855 billion.

This ownership represents 2.34% of issued shares and 12.96% of free shares.

Moreover, the value of shares owned by Saudi investors amounted to SAR 8.9 trillion, a weekly rise of SAR 56.48 billion, representing 97.15% of issued shares and 84.51% of free shares.

As for GCC investors, ownership stood at SAR 46.4 billion, up by SAR 706.479 million, representing 0.51% of issued shares and 2.53% of free shares.