Wary Saudis Need Better News on Economy to Snap Stock-Sale Habit - Bloomberg:
"Saudi authorities are changing market regulations to attract foreign investors to the country’s stock market. Those changes haven’t enticed local individuals to buy shares.
Net sales of Saudi stocks by retail, high-net-worth and individual professional investors stretched to 80 consecutive weeks at the end of November, figures from the Riyadh bourse show. They have only bought in three weeks since detailed data started 27 months ago. Institutions have been more positive, purchasing stocks when local retail investors sell, seen by some analysts as a sign of government support."
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