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RIYADH: Foreign investors in the Saudi stock market, Tadawul, continued their purchases during the week ending August 1 with a net profit of 712.73 million riyals, backed by skilled investors.
Tadawul's data showed that foreign investors recorded total purchases of 2.005 billion rupees, representing 15.6% of total market purchases last week, compared with total sales of 1.29 billion, or 10% of total purchases. market totals.
The buying trend was dominated by qualified foreign investors with a net purchase of 784.98 million SAR, a difference between total purchases of 1.76 billion SAR and total sales of 979.13 million RS.
Transactions abroad are based on swap agreements, resident investors, qualified investors, managed portfolios and strategic partners.
The buying trend has been dominated by foreign transactions in the Saudi market since the beginning of this year, with the market joining global indices such as FTSE and Morgan Stanley-MSI.
Saudi and Gulf investors were put on sale last week, yielding respectively 386.5 million riyals and 316.2 million riyals.
Total purchases by Saudi investors amounted to 10.64 billion rupees, or 82.85% of total purchases, against 11.03 billion rupees, representing 86% of total sales.
Total purchases of nationals from the Gulf countries amounted to 180.1 million riyals, compared to 496.3 million total sales.
The Saudi stock market continued to be negatively weekly, with losses continuing last week under pressure from banks and commodity losses..
TASI ended losses last week with a loss of 1.7%, falling to 8666.39 points; after losing 152.61 points from his balance.
According to Mubasher, liquidity in the main market – TASI – fell by 10.5 percent last week to 12.82 billion riyals ($ 3.42 billion), against liquidity of 14.32 billion riyals ( $ 3.82 billion).
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