Sunday 8 April 2018

Foreigners bought net $229 million Saudi stocks last week

Foreigners bought net $229 million Saudi stocks last week:

"Foreign investors bought a net $229 million of Saudi Arabian equities last week, exchange data showed on Sunday, indicating overseas demand remained strong despite a pull-back by the market index in the early part of the week. Buying by all types of foreign investor totaled $441 million and selling $213 million, with investors using swaps buying almost twice as much on a net basis as qualified foreign institutions, which invest directly. Net buying fell from $301 million in the previous week but was still the fourth highest weekly total this year. Foreigners have been net buyers every week so far in 2018."



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