Foreigners marginal net sellers of Saudi stocks in latest week:
"Foreign investors were net sellers of Saudi Arabian equities for a fourth straight week after authorities launched a sweeping crackdown on corruption, but by a very small margin, exchange data showed on Sunday.
Dozens of top officials and businessmen were arrested and over 2,000 bank accounts frozen, risking damage to the economy. However, in recent days the threat to the economy has appeared to ease, with the number of frozen accounts starting to fall and some suspects reaching settlements with the government.
Foreign investors sold 546 million riyals ($146 million) of stocks in the week through Nov. 30 and bought 528 million riyals, resulting in net selling of 18 million riyals."
'via Blog this'
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