Net purchases by Saudis recorded $335 million in main market stocks within a week

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Weekly Saudi market trading resulted in Saudi investors recording net purchases in the main market, during last week’s trading ending on October 15, at $334.94 million (1.256 billion riyals).

The total purchases of Saudi investors last week amounted to $2.65 billion (9.92 billion riyals), which represented 58.43% of the weekly purchases in the main market, compared to sales amounting to $2.31 billion (8.66 billion riyals), which represented 51.03% of the total weekly sales, according to the weekly report issued by the Saudi Tadawul Company.

Institutions supported Saudis' transactions last week, recording net purchases of $277.18 million (1.04 billion riyals), as their total purchases last week amounted to $691.2 million (2.59 billion riyals), compared to total sales of $414.02 million (1.55 billion riyals).

Saudi individuals also recorded net purchases last week of $57.76 million (216.6 million riyals), and this resulted from carrying out total purchases amounting to $1.95 billion (7.33 billion riyals), compared to sales worth $1.9 billion (7.11 billion riyals).

As for Gulf investors, they recorded net sales last week of $86.86 million (325.74 million riyals), a difference in purchases worth $61.36 million (230.09 million riyals), compared to sales amounting to $148.22 million (555.82 million riyals).

Foreign investors also continued to record net selling in weekly transactions ending on October 15, amounting to $248.08 million (930.29 million riyals).

Foreigners' sales last week, amounting to $2.07 billion (7.76 billion riyals), were higher than their total purchases of $1.82 billion (6.83 billion riyals).

Selling dominated foreigners' transactions in the Saudi market last week, and this was evident in the trading of foreign institutions, which put pressure on overall transactions by recording net sales of $202.6 million (759.78 million riyals).

Managed portfolios also recorded net sales of $40.85 million (153.17 million riyals), and swap agreements net sales of $5.76 million (21.61 million riyals).

The general index of the Saudi stock market, TASI, ended last week's trading with a decline of 2.6%, losing 269.74 points, to record a level of 10,106.54 points.

The number of companies traded last week reached 271 companies, which witnessed the implementation of about 1.98 million transactions, which were completed on 991.25 million shares, with a trading value amounting to 4.53 billion dollars (16.98 billion riyals).