Foreigners sell 1.11B Riyals in Saudi stocks
During the week ending September 17, the Saudi stock market saw foreign investors record a net selling of 1.11 billion riyals, while Gulf investors also sold with a net amount of 157.5 million riyals. In contrast, Saudi investors bought with a net value of 1.26 billion riyals. Foreigners carried out purchases totaling 8.76 billion riyals, representing 40.92% of total acquisitions, while their sales amounted to 9.86 billion riyals, accounting for 46.09% of total sales, resulting in a net sale of approximately 1.11 billion riyals. Gulf investors, on the other hand, had a net sale of 403.41 million riyals, with purchases totaling 245.91 million riyals. Conversely, Saudi investors achieved a net purchase value of 12.40 billion riyals, reflecting strong demand for domestic stocks. Individual andInstitutional purchases indicated robust demand, constituting 57.94% of the total, amounting to 9.67 billion riyals, compared to sales of 8.95 billion riyals.
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